Central Bank of India is planning to raise up to Rs 5,000 crore of equity capital through various modes, including follow on public offer and rights issue, to maintain its capital adequacy ratio.
It plans to raise capital through follow on public offer (FPO), rights issue or qualified institutional placement (QIP), and will seek approval from shareholders in the upcoming annual general meeting to be held on August 7, 2020.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.