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Central Bank of India gains on entering into tie-up with Godrej Properties

04 Mar 2013 Evaluate

Central Bank of India is currently trading at Rs. 70.70, up by 0.40 points or 0.57% from its previous closing of Rs. 70.30 on the BSE.

The scrip opened at Rs. 71.80 and has touched a high and low of Rs. 72.00 and Rs. 70.35 respectively. So far 8,459 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.80 on 14-Mar-2012 and a 52 week low of Rs. 62.30 on 13-Sep-2012.

The current market cap of the company is Rs. 5,204.00 crore.

The promoters holding in the company stood at 79.15% while Institutions and Non-Institutions held 13.17% and 7.68% respectively.

Public-sector bank, Central Bank of India has entered into a tie-up arrangement with Godrej Properties for providing hassle free home loans at special rates in Mumbai.

The tie up has been done with an objective to increase the Home Loan portfolio and to give a boost to the affordable housing sector. With a network of 4,000 plus branches across India, Central Bank of India has been proactively providing finance for purchasing of dream home to its valued customers.

Central Bank of India has got 4,238 branches with a business of around Rs 370,000 crore with a Pan India presence of all the branches connected under the CBS platform.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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