Central Bank of India is planning to raise additional equity capital up to Rs 2354 crore by issuance and allotment of equity shares to President of India (Government of India) on preferential basis subject to approval of Reserve Bank of India, Shareholders and other statutory authorities (if any). The meeting of the Board of Directors of the Bank is scheduled to be held on September 28, 2018, to consider the same.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.