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Government to infuse capital funds of Rs 535 crore in Central Bank of India

30 Mar 2016 Evaluate

The Government of India (GoI) has decided to infuse capital funds to the tune of Rs 535 crore in Central Bank of India by way of preferential allotment of equity in favour of GoI. The bank is taking the necessary step in this regards.

Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 4,336 Branches, Asset Recovery Branches (ARB) 9, Retail Asset Branches (RAB) 15 and 26 extension counters along with satellite branches at various centres throughout the length and breadth of the country.



Peers
Company Name CMP
State Bank Of India 941.10
PNB 116.40
Bank Of Baroda 235.50
Canara Bank 118.00
Union Bank Of India 172.55
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