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Central Bank of India to buyback perpetual bonds worth Rs 500 crore

24 Jan 2017 Evaluate

Central Bank of India has received its board's approval for a premature buyback of 9.4% perpetual bonds worth Rs 500 crore. Board has also author zed Chairman and Managing Director for taking various procedural decision related to buy back including the authority to delegate Funds & Investment Committee / Executive Director (in-charge of Treasury) / General Manager - Treasury to decide related other small procedural issues.

Central Bank of India has reported a net loss of Rs 641.82 crore for the quarter ended September 30, 2016 as compared to a net profit of Rs 112.87 crore for the same quarter in the previous year. Total income of the bank decreased by 1.95% at Rs 6965.45 crore for the quarter under review from Rs 7104.19 crore for the corresponding quarter previous year.  

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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