Page 7 - Central Bank Of India

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

Central Bank of India to exit housing fin biz; to sell stake for Rs 160 cr

State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore.

RBI imposes Rs 50 lakh penalty on Central Bank of India for non-compliance

Giving details, it said an off-site examination of the records pertaining to some housing loans disbursed by the bank was conducted by RBI

Central Bank of India net profit rises 20% to Rs 161 cr in Sept quarter

Central Bank of India on Friday reported over 20 per cent rise in its net profit at Rs 161 crore for the second quarter ended September 30

Central Bank of India closes Rs 255-cr QIP; issue price set at Rs 15.38

The capital raising committee of the bank at its meeting held on September 25 passed the resolution and approved the closure of the issue period for the QIP, it said in a regulatory filing

Central Bank of India reduces MCLR by 5 basis points across all tenors

Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday

Central Bank of India appoints Ashwini K Shukla as chief risk officer

State-run Central Bank of India on Monday said it has appointed Ashwini Kumar Shukla as its chief risk officer (CRO), effective August 3

Central Bank's Q1 pre-tax profit up over four-fold at Rs 316.33 cr

Higher net interest income, dip in provisions drive profits