MoneyWorks4Me

Central Bank of India gets nod to raise Rs 500 crore by issuing bonds

12 Dec 2020 Evaluate

Central Bank of India’s board has approved the proposal for raising of capital funds up to Rs 500 crore. The fund will be raised by issuing non-convertible redeemable unsecured Basel III compliant tier 2 bonds in the nature of promissory notes. The capital raising committee of the board of directors of the bank at its meeting held on December 11, 2020, considered and 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
View more..