FPO to strengthen lender's capital adequacy, size will depend on success of QIP
The state-owned lender had posted a loss of Rs 935.54 crore in the year-ago period
Shares of Central Bank of India closed 1.70% higher at Rs 17.95 apiece on the BSE
Both parties say they are settling dispute; NCLT dismisses application, permits lender to approach it later
These rated instruments (tier-II bonds under Basel III) is a hybrid subordinated instrument with equity-like loss-absorption features.
The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners
Lender plans rights issue, FPO as part of fund raising exercise; says it will be requiring capital to meet prescribed capital adequacy ratio on ongoing basis
Its total income decreased to Rs 6,329.17 crore during the quarter under review, as against Rs 6,589.32 crore in the year-ago period
Total income also fell to Rs 61.97 billion in the quarter, from Rs 68.96 billion a year ago
Income of the Central Bank of India fell to Rs 59.04 billion in first quarter of 2018-19 from Rs 68.70 billion in the same period of 2017-18 as core income dropped
The proposal was approved by shareholders at the bank's annual general meeting held on June 30
Central Bank of India had a net non-performing loans ratio of 10.2 per cent, as of end-March
However, the bank's stocks fell by 4%, closed at Rs 109.20 on BSE
Stock of Central Bank closed 0.48% up at Rs 83.45 on BSE
Allahabad Bank, Union Bank report decline in net profit due to increase in provision for bad loans
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They are demanding stringent action against wilful loan defaulters by booking criminal cases against them
Total income of the bank declined to Rs 6,662.6 crore as against Rs 7,098.99 crore in the same period last year
A combined 7 lakh shares changed hands on the counter on the BSE and NSE so far