Thu, Jan 04, 2024
The bank's deposits rose a tad lower at 9.52 per cent to Rs 3.77 lakh crore during the quarter from Rs 3.44 lakh crore in the year-ago period, it said. As a result, the total business of the bank increased 11.5 per cent to Rs 6.17 lakh crore at the end of December 31, 2023, it added.
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Wed, Aug 30, 2023
Central Bank of India announced strategic tie ups with IKF Home Finance Limited and Samunnati Financial Intermediation & Services Private Limited. These tie-ups will help the bank to expand its MSME and home loan offerings.
Thu, Aug 17, 2023
UDGAM Portal: The launch of the web portal will aid users to identify their unclaimed deposits or accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks.
Fri, May 26, 2023
RBI stated the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Fri, May 12, 2023
Reserve Bank launches ‘100 Days 100 Pays’ campaign to return account-holders' unclaimed deposits: The Reserve Bank of India has launched ‘100 Days 100 Pays’ campaign to return unclaimed deposits of bank account-holders in the country on Friday, May 12. On periodic intervals, Rese
Wed, Jan 18, 2023
Steel pipes and electrical products maker Surya Roshni Ltd on Wednesday reported an over two-fold increase in consolidated net profit at Rs 89.66 crore for the third quarter ended December 2022
On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) almost halved to 8.85 per cent as compared to 15.16 per cent in the previous fiscal year.
Tue, Oct 04, 2022
RBI had imposed a penalty of Rs. 90 lakhs penalty last year on Vasai Vikas Sahakari Bank Ltd., Vasai
Wed, Sep 21, 2022
Shares of Central Bank of India jumped more than 15 per cent in early trade after the Reserve Bank of India (RBI) removed the bank from the Prompt Corrective Action Framework (PCAF) watchlist.
Tue, Sep 20, 2022
Of the three state-owned lenders under the RBI's PCA framework, Indian Overseas Bank and UCO Bank were removed from the watchlist in September 2021.
Mon, Aug 22, 2022
Shares of the Central Bank of India rose more than 6% in the early trade on the reports that the Reserve Bank of India may lift restrictions on the bank.
Shares of Central Bank of India rose more than six per cent in the early trade on the reports that Reserve Bank of India (RBI) may lift restrictions on the bank.
Sun, Aug 21, 2022
The bank under PCA faces RBI restrictions on dividend distribution, branch expansion, management compensation or requiring promoters to infuse capital.
Wed, Jun 22, 2022
Zee Business Exclusive: Privatisation of Public Sector process may get a fillip as the government may take up the Banking Law Amendment Bill during the upcoming Monsoon Session of the Parliament. Zee Business' Tarun Sharma reports
Fri, Jun 10, 2022
After the increase in the repo rate by the Reserve Bank of India, other banks have also started increasing their interest rate.
Mon, May 09, 2022
Q4 Results 2022: Many listed companies announced their March quarter results on Monday. Central Bank of India, UPL, PVR Limited, BLS International Services and Suven Pharmaceuticals were among the companies which declared their quarterly earnings. Here are key highlights!
Thu, May 05, 2022
Following the 40 bps hike in reporate, several lenders have increased their external benchmark lending rate. Private sector lender ICICI Bank on Thursday revised its lending rate to 8.10%. Meanwhile, state-owned Bank of Baroda has raised the rate to 6.90% with immediate effect
Wed, Dec 22, 2021
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.
Wed, Nov 24, 2021
Indian Overseas Bank (IOB) and Central Bank of India today issued clarifications over news reports suggesting that government may bring a privatisation bill for these two banks during the winter session of Parliament. The news led to a surge in the share price of these banks.
Indian Overseas Bank and Central Bank shares soared over 15 per cent in the intraday trade on BSE on Monday.
Sun, Aug 15, 2021
"We are now moving onto the agri related industries like processing. In coastal areas, we have identified around 350 branches where we are bringing only aqua financing from the rural centres," M V Rao, MD & CEO, Central Bank of India, said in earnings call with analysts post June 2021 quarter results of the bank
Mon, Jun 07, 2021
In its bid to privatise two state-run banks as unveiled by Finance Minister Nirmala Sitharaman in her Union Budget speech 2021, the Narendra Modi government may soon finalise plans to sell Centre's stake in Central Bank of India and Indian Overseas Bank (IOB). This is part of Government’s mega privatisation initiative which also include sale of other state-run companies like BPCL
Thu, Apr 01, 2021
As government has decided to carry out a capital infusion drive in four public sector banks of as much as Rs 14,500 crore, Nifty PSU Bank Index zoomed by over 2.5 per cent to become second highest performer during today's session.
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