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Central Bank of India rises on inking MoU with TVS Motor Company

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

30 Apr 2012 Evaluate

Central Bank of India is currently trading at Rs. 96.10, up by 1.30 points or 1.37% from its previous closing of Rs. 94.80 on the BSE.

The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 96.50 and Rs. 95.50 respectively. So far 1,099 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.00 on 03-May-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. 102.40 and Rs. 93.75 respectively. The current market cap of the company is Rs. 6,213.00 crore.

The promoters holding in the company stood at 79.15% while Institutions and Non-Institutions held 13.40% and 7.45% respectively.

Two-wheeler manufacturer TVS Motor Company has inked a memorandum of understanding (MoU) with Central Bank of India to offer loan for the former’s three wheeler TVS King. As per the agreement the bank would offer 90 percent funding to TVS King customers in all 4,000 branches of the bank.

This joint initiative will provide retail finance options to customers who wish to purchase a three-wheeler - TVS King. The MoU is tailor made to provide benefits to customers with longer tenure option of up to seven years at an interest rate of 11.25 percent with 90 percent funding.

TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world. The company has a production capacity of 2.5 million units a year.

Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3656 branches and 178 extension counters at various centers throughout the length and breadth of the country.

CentralBank of India Share Price

36.07 0.23 (0.64%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1080.35
PNB	114.50
Canara Bank	142.35
Bank Of Baroda	280.00
Union Bank Of India	188.90
View more..

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Central Bank of India rises on inking MoU with TVS Motor Company

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