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.