Central Bank of India’s shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion. The consent of the shareholders was given with over 97 per cent votes in favour of the resolution to issue and allot up to 2,80,53,76,972 equity shares to government on a preferential basis aggregating up to Rs 4,800 crore.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.