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Central Bank planning to raise Rs 3,000 crore in next two months

21 Aug 2019 Evaluate

Central Bank of India is planning to raise around Rs 3,000 crore in core capital from markets in the next two months. This capital is excluding the fund infusion that is likely to come from the government. The bank has also made a funding request to the government from the Rs 70,000-crore it has budgeted.

The bank will be coming out with repo- linked loans by September end in the retail segment for new loans and existing borrowers can also switch to the new lending benchmark for a fee.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.

CentralBank of India Share Price

36.34 0.27 (0.75%)
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