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Central Bank of India gets nod to raise Rs 1500 crore during FY23

26 Dec 2022 Evaluate

Central Bank of India has received an approval to raise capital through issuance of Non-convertible redeemable unsecured Base Ill compliant Tier 11 Bonds for amount upto Rs 1500 crore with a base size of Rs 500 crore and a green shoe option upto Rs 1000 crore during the FY 2022-23 subject to market conditions and necessary approvals. The Board of Directors of the Bank at its meeting held on December 26, 2022 has 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 947.55
PNB 116.00
Bank Of Baroda 237.35
Canara Bank 119.15
Union Bank Of India 172.90
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