May 07, 2022 10:25 PM IST

Central Bank of India says not yet decided on branch closures

The document seen by Reuters said the planned closures were aimed at improving the bank's financial performance and could bring an end to close scrutiny by the Reserve Bank of India.

Central Bank of India to close 13% of its branches: Report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023, according to the copy of a document reviewed by Reuters.

RBI imposes monetary penalty on Central Bank of India for non-compliance

The penalty pertains to certain directions issued on ‘Customer Protection–Limiting Liability of Customers in Unauthorised Electronic Banking Transactions'

Govt to provide bulk of Rs 15,000 crore capital support to weak PSU banks

Earlier this month, Punjab & Sind Bank got board approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government.

Central Bank Consolidated December 2021 Net Interest Income (NII) at Rs 2,758.59 crore, up 23.24% Y-o-Y

Central Bank Consolidated December 2021 Net Interest Income (NII) at Rs 2,758.59 crore, up 23.24% Y-o-Y

Central Bank Consolidated December 2021 Net Interest Income (NII) at Rs 2,758.59 crore, up 23.24% Y-o-Y

Central Bank Standalone December 2021 Net Interest Income (NII) at Rs 2,745.62 crore, up 23.23% Y-o-Y

CBI investigation of Parabolic Drugs: Ashoka University co-founders step down from board

“The investigation of Parabolic Drugs and its directors has nothing to do with Ashoka," says university. CBI has filed a case against them and a few others of Parabolic Drugs for allegedly defrauding Central Bank of India and other banks of Rs 1,627 crore.

Central Bank of India, U GRO Capital ink co-lending deal, aim Rs 1,000 crore disbursal

Under this partnership, the two entities aim to disburse up to Rs 1000 crore to U GRO Capital’s varied MSME segments under its programmes like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in the next 12 months.

IOB, Central Bank of India share prices rise 15-20% on privatisation buzz

The two state-run banks might see 51 percent stake sale in the first phase of disinvestment.

Central Bank Consolidated September 2021 Net Interest Income (NII) at Rs 2,507.84 crore, up 5.99% Y-o-Y

Central Bank Standalone September 2021 Net Interest Income (NII) at Rs 2,495.00 crore, up 5.94% Y-o-Y

Central Bank of India Q2 net profit jumps 55% to Rs 250 crore

On the asset quality front, net non-performing assets (NPAs or bad loans) reduced to 4.51 percent as of September 30, 2021, from 5.60 percent by end of the same month last year.

Central Bank Standalone June 2021 Net Interest Income (NII) at Rs 2,134.46 crore, down 0.51% Y-o-Y

Central Bank Consolidated June 2021 Net Interest Income (NII) at Rs 2,145.43 crore, down 0.47% Y-o-Y

Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal

The Centre is confident of meeting the ambitious divestment target of Rs 1.75 lakh crore through share sales in Air India and other companies, including the Life Insurance Corporation IPO, which is expected to be India’s largest.

Sir Homi Mody ... Dadabhai Naoroji: Five Parsis behind Mumbai’s street names—Part 2

These five roads in Mumbai are named after politicians, bankers, lawyers and activists who had two things in common: one, they were Parsi, and two, they all contributed to the development of Mumbai, and India as a whole.

Central Bank of India, IOB shares hit 52-week high on privatisation buzz

Indian Overseas Bank and Central Bank of India are likely candidates for disinvestment, according to sources.

IOB, Central Bank of India hit 52-week high on divestment buzz

Central Bank of India touched a 52-week high of Rs 28.30 and Indian Overseas Bank touched a 52-week high of Rs 27.95.

Central Bank of India, IOB hit 20% upper circuit after govt shortlists banks for divestment

The two lenders might see 51 percent sale in the first phase of disinvestment. The government will amend the Banking Regulations Act, and some other banking laws for divestment, CNBC Awaaz reported.

Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts

The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.

Central Bank of India Q4 net loss narrows to Rs 1,349 crore

The bank had posted a net loss of Rs 1,529.07 crore in the same quarter of the preceding fiscal year. Sequentially, there was a net profit of Rs 165.41 crore in the December quarter of FY21.

Central Bank Consolidated March 2021 Net Interest Income (NII) at Rs 1,526.62 crore, down 21.14% Y-o-Y

Central Bank Standalone March 2021 Net Interest Income (NII) at Rs 1,516.39 crore, down 21.26% Y-o-Y