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Central Bank of India falls as RBI imposes monetary penalty on Bank

12 Nov 2020 Evaluate

Central Bank Of India is currently trading at Rs. 11.68, down by 0.20 points or 1.68% from its previous closing of Rs. 11.88 on the BSE.

The scrip opened at Rs. 11.80 and has touched a high and low of Rs. 11.90 and Rs. 11.62 respectively. So far 276007 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.90 on 20-Nov-2019 and a 52 week low of Rs. 10.04 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 12.14 and Rs. 11.10 respectively. The current market cap of the company is Rs. 6862.66 crore.

The promoters holding in the company stood at 89.78%, while Institutions and Non-Institutions held 7.35% and 2.88% respectively.

Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50 lakh on Central Bank of India (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the circular on 'Housing Sector- Innovative Housing Loan Products – Upfront disbursal of housing loans' dated September 3, 2013.

The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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

36.07 0.23 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

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