Page 6 - Central Bank Of India

Shares of IOB, Central Bank of India surge on reports of privatisation

Banks clarify no such negotiation or event taking place

Indian Overseas Bank, Central Bank of India clarify on privatisation buzz

The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks

IOB, Central Bank of India surge up to 20% on privatisation buzz

IOB has surged 20 per cent to Rs 23.80, while CBI gained 15 per cent on the BSE in intra-day trade today.

Central Bank of India second quarter net profit jumps 55% to Rs 250 cr

Public sector Central Bank of India on Tuesday reported an over 55 per cent jump in net profit at Rs 250 crore for the quarter ended September. The lender had posted a net profit of Rs 161 crore during the same quarter of the previous fiscal. However, total income of the bank during July-September period of 2021-22 was down at Rs 6,503.39 crore, as against Rs 6,762.36 crore in the year-ago period, it said in a regulatory filing. Net interest income rose 5.99 per cent to Rs 2,495 crore, as against Rs 2,354 crore earlier. Net interest margin (NIM) improved from 3.21 per cent to 3.36 per cent on a year-on-year basis, registering an improvement of 15 basis points, it added. On the asset quality front, net non-performing assets (NPAs or bad loans) reduced to 4.51 per cent as of September 30, 2021, from 5.60 per cent by end of the same month last year. Gross NPAs moderated to 15.52 per cent from 17.36 per cent. Also, the bank's cost of deposit declined to 3.84 per cent from 4.45 per c

Nifty PSU sets sight on a new 52-wk high; 5 stocks that can rally up to 25%

After nine long years, the MACD on monthly chart for Indian Overseas Bank has crossed the zero line

All eyes on Central Bank, Indian Overseas Bank after UCO exits PCA

Central Bank in its annual report for 2020-21 said it was complying with the PCA framework norms meticulously

Central Bank to seek shareholders' nod to set off loss of Rs 18,724 cr

Central Bank of India will seek shareholders' approval in its ensuing annual general meeting next month to set off accumulated loss of over Rs 18,724 crore from the share premium account of the bank.

Nifty PSU Bank index gains 4%; Central Bank of India, IOB surge 20%

Shares of Central Bank of India and Indian Overseas Bank locked in 20% upper circuit on reports that the two financial institutions might be privatised.

Shares of IOB, Central Bank of India surge on privatisation reports

The PSU Bank Index closed marginally higher (0.36 per cent) at 2,500.6 on the NSE, as compared to the last Friday

Top headlines: Vaccination to be centralised, says PM; Sebi fines FT AMC

Business Standard brings you the day's top headlines

Net loss of Central Bank of India, tipped to be privatised, narrows in Q4

Central Bank of India stock closed at Rs 23 apiece on the BSE, a jump of 7.98 per cent over the previous close.

Edelweiss boosts co-lending partnership with Central Bank of India for MSME

Edelweiss Retail Finance Ltd announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises

Central Bank gets nod to allot Rs 4,800-cr preference shares to govt

Central Bank of India on Tuesday said its shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion.

Govt's move to inject Rs 14,500 cr in 4 PSBs won't raise tangible equity

According to Ind-Ra, these securities would be factored at par value rather than at the discounted value in the banks' balance sheet.

Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds

Special securities shall be non-interest bearing and no interest shall be payable on issue of the securities

Central Bank of India is out of mess, stage set for PCA exit: CEO

Outgoing CEO Pallav Mohapatra says the bank will report profit in Q4FY21

Nifty PSU Bank index up 47% in Feb on improved earnings, privatisation buzz

Indian Overseas Bank, Central Bank of India, Bank of Maharashtra, Bank of India, and Punjab & Sind Bank have seen their share price zoom between 53 per cent and 80 per cent in the last week

PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit

In February so far (till Monday), the Nifty PSU Bank index has rallied 16.4 per cent as compared to a 7.2 per cent gain in the benchmark Nifty50

Central Bank Q3 net up 6.45% at Rs 165 cr on better net interest and margin

Other income down 38% to Rs 774 crore; provisions & contingencies decline to Rs 7,437 crore from Rs 12,492 crore

Central Bank of India third quarter net profit up 6.5% at Rs 165 crore

The firm reported a 6.5 per cent rise in its net profit to Rs 165.41 crore in the third quarter ended December