PSU banks continue to rally: Bank of Maharashtra, BOI, IOB, Central Bank end at upper circuit on privatisation buzz

Central Bank of India and Indian Overseas Bank locked at 20 percent upper circuit, while Bank Of India, Bank of Maharashtra locked at 10 percent upper circuit.

PSU Banks in focus; Bank of Maharashtra, BOI, IOB, Central Bank of India shares rise up to 20% on privatisation buzz

Bank Of India, Bank of Maharashtra and Indian Overseas Bank touched a 52-week high of Rs 83.90, Rs 22.85 and Rs 15.70 respectively.

Bank of Maharashtra, BOI, IOB and Central Bank of India shares gain over 10% each on potential privatisation

Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said.

Central Bank Consolidated December 2020 Net Interest Income (NII) at Rs 2,238.34 crore, up 10.11% Y-o-Y

Central Bank Standalone December 2020 Net Interest Income (NII) at Rs 2,228.13 crore, up 10.2% Y-o-Y

Central Bank of India net profit rises 20% to Rs 161 crore in September quarter

The lender also improved on its bad assets ratio with the gross non-performing assets (NPAs) falling to 17.36 percent of gross advances by the end of September 2020, from 19.89 percent by the end of September 2019.

Central Bank of India reduces MCLR by 5 bps

The city-based lender has cut the one-year MCLR to 7.10 percent from 7.15 percent, a release said.

Central Bank Standalone June 2020 Net Interest Income (NII) at Rs 2,145.34 crore, up 19.84% Y-o-Y

Central Bank Consolidated June 2020 Net Interest Income (NII) at Rs 2,155.49 crore, up 19.57% Y-o-Y

India plans to reduce number of state-owned banks to just 5

The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said.

Central Bank of India to raise up to Rs 5,000 crore equity capital

The bank said it plans to raise capital through follow on public offer (FPO), rights issue or qualified institutional placement (QIP), and will seek approval from shareholders in the upcoming annual general meeting to be held on August 7, 2020.

Central Bank Consolidated March 2020 Net Interest Income (NII) at Rs 1,935.81 crore, up 19.98% Y-o-Y

Central Bank Standalone March 2020 Net Interest Income (NII) at Rs 1,925.81 crore, up 20.18% Y-o-Y

Central Bank of India Q4 loss narrows to Rs 1,529 crore

Total income grew to Rs 6,723.73 crore in the three months to March from Rs 6,620.51 crore in the year-ago period, Central Bank of India said in a statement.

Central Bank of India to raise up to Rs 500cr through bonds

It said the funds would be raised by issuance and allotment of non-convertible redeemable unsecured basel-III compliant tier 2 bonds in the nature of promissory notes.

Central Bank Consolidated December 2019 Net Interest Income (NII) at Rs 2,032.75 crore, up 11.28% Y-o-Y

Central Bank Standalone December 2019 Net Interest Income (NII) at Rs 2,021.88 crore, up 11.33% Y-o-Y

Central Bank Consolidated December 2019 Net Interest Income (NII) at Rs 2,032.75 crore, up 11.28% Y-o-Y

Central Bank Standalone December 2019 Net Interest Income (NII) at Rs 2,021.88 crore, up 11.33% Y-o-Y

Central Bank of India counts on recoveries as spike in bad loans may delay exit from PCA

The bank saw slippages of Rs 3998 crore, which includes divergences of Rs 1800 crore as assessed by RBI. As a result, the bank’s slippage ratio shot up to 3.2 percent, from 0.91 percent in the previous quarter.

Central Bank of India FY19 review: Net loss at Rs 6,430cr inflated due to NPA divergence

Central Bank of India had reported a net loss of Rs 5,641.48 crore in 2018-19 earlier.

Central Bank Standalone September 2019 Net Interest Income (NII) at Rs 1,890.96 crore, up 12.86% Y-o-Y

Central Bank of India logs Rs 139 cr profit in Q2

Income during the period under review rose to Rs 6,728.17 crore as against Rs 6,224.05 crore in the year-ago same period, the bank said in regulatory filing.

Central Bank of India board okays Rs 3,353 cr fundraising via preferential equity to govt

Shares of Central Bank of India closed 1.70 per cent higher at Rs 17.95 apiece on the BSE.

Market Headstart: Nifty likely to open higher; Infosys, United Spirits top buys

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 32.5 points gain or 0.3 percent. Nifty futures were trading around 10,852-level on the Singaporean Exchange.