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Central Bank of India strengthens on plan to raise Rs 3,000 crore

10 Jun 2016 Evaluate

Central Bank of India is currently trading at Rs 88.60, up by 0.65 points or 0.74% from its previous closing of Rs 87.95 on the BSE.

The scrip opened at Rs. 88.25 and has touched a high and low of Rs. 88.80 and Rs. 87.85 respectively. So far 3298 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.70 on 14-Jul-2015 and a 52 week low of Rs. 48.20 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 88.20 and Rs. 83.05 respectively. The current market cap of the company is Rs. 15622.01 crore.

The promoters holding in the company stood at 79.94% while Institutions and Non-Institutions held 15.26% and 4.80% respectively.

Public-sector bank, Central Bank of India is planning to raise up to Rs 3,000 crore from the public offering, including the rights issue. The bank will seek shareholders nod for this at Annual General Meeting (AGM) to be held on June 30, 2016. The fund would be raised to an extent that government holding should not fall below 51 percent of the total capital. During FY16, the government had infused Rs 535 crore in the bank through preferential allotment of shares.

The bank has reported a net loss of Rs 898.04 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 174.29 crore for the corresponding quarter of the previous year. Its total income declined by 8.33% to Rs 6711.88 crore for the quarter under review from Rs 7321.50 crore for the quarter ended March 31, 2015.

CentralBank of India Share Price

36.18 0.11 (0.30%)
20-Apr-2026 11:21 View Price Chart
Peers
Company Name CMP
SBI 1115.50
PNB 114.65
Canara Bank 143.90
Bank Of Baroda 284.75
Union Bank Of India 189.65
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