Central Bank of India has received an approval to raise up to Rs 1,000 crore through bonds. The Capital Raising Committee of the Bank at their meeting held on September 21, 2019 has approved the proposal to raise Basel III tier bonds with call option for an amount up to Rs 500 and Basel III tier bonds without call option for an amount up to Rs 500 crore.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.