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Central Bank of India to raise Rs 500 crore via Bonds

05 Feb 2020 Evaluate

Central Bank of India has received approval for raising capital funds upto Rs 500 crore by issuance and allotment of Non-Convertible Redeemable Unsecured Basel III compliant Tier 2 Bonds in the nature of promissory notes. The Board of Directors of the Bank at its meeting held on February 04, 2020 has approved 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.

Peers
Company Name CMP
State Bank Of India 941.60
PNB 116.20
Bank Of Baroda 235.10
Canara Bank 117.75
Union Bank Of India 172.35
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