Central Bank of India has raised Rs 500 crore by issue and allotment of 5,000 Unsecured Perpetual Tier-I Bonds (Series II) of face value of Rs 10 lakh each, on private placement basis. The bank has raised the funds on September 28, 2012.
Central Bank of India was the first Indian commercial bank, which was wholly owned and managed by Indians. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3,656 branches and 178 extension counters at various centers throughout the length and breadth of the country.
