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Central Bank of India soars on revising interest rates on domestic term deposits

Central Bank Of India | Bank - Public | BFSI | BSE: 532885 | NSE: CENTRALBK

12 Mar 2012 Evaluate

Central Bank of India is currently trading at Rs. 104.00, up by 1.15 points or 1.12% from its previous closing of Rs. 102.85 on the BSE.

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 105.80 and Rs. 103.25 respectively. So far 44146 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.00 on 17-Mar-2011 and a 52 week low of Rs. 63.25 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 105.80 and Rs. 97.10 respectively. The current market cap of the company is Rs. 6792.60 crore.

The promoters holding in the company stood at 80.21% while Institutions and Non-Institutions held 11.12% and 8.68% respectively.

Central Bank of India (CBI) has revised the interest rates payable on domestic term deposit up to less than Rs one crore and on domestic term deposit for Rs one crore and above to Rs ten crore with effect from March 12, 2012. The revised interest rates shall be applicable to fresh deposits as well as renewal of maturing deposits.

For term deposit amounting up to less than Rs one crore but tenure ranging from 7 days to 14 days, 15 days to 45 days and 46 days to 90 days the bank has revised the interest rate from 2.50% to 9.00%, 5.00% to 9.00% and 5.75% to 9.00% respectively. Similarly for tenure ranging from 180 days to 364 days the bank has revised interest rate from 8.50% to 9.10% per annum.

Similarly, for term deposit amounting for Rs one crore and above to Rs ten crore but tenure ranging from 7 days to 14 days, 15 days to 45 days, 46 days to 90 days and 91 days to 179 days the bank has revised the interest rate from 4.00% to 9.00%, 5.00% to 9.00%, 4.50% to 9.00% and 8.60% to 9.00% respectively. Besides, for tenure ranging from 180 days to 364 days the bank has revised interest rate from 8.50% to 9.10% per annum.

Further, an additional interest rate of 0.50% per annum over and above the normal rate of interest for any of the time deposit schemes and also for tax saver depositors scheme will be given as incentive by the bank for deposits of Senior Citizens who are above 60 years of age.

CentralBank of India Share Price

35.81 -0.26 (-0.72%)

20-Apr-2026 14:52 View Price Chart

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Company Name	CMP
SBI	1106.90
PNB	113.80
Canara Bank	142.75
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Central Bank of India soars on revising interest rates on domestic term deposits

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