Central Bank of India (CENTRALBK)

Central Bank of India Reports 110% Jump in Q1 Net Profit - 19 Jul, 2024

Central Bank of India reported a net profit of Rs. 880 crore for Q1, up 110% YoY, due to growth in net interest income and other income and write-back in provisions. Gross advances increased by 14%, while total deposits rose by 6%. The bank's shares are trading at Rs. 64.48 per share on BSE.

Central Bank of India Reports Strong Q1 Results - 18 Jul, 2024

Central Bank of India's Q1 FY25 net profit rose by 110% YoY to Rs 879.94 crore, with gross NPA ratio improving to 4.54%. Net NPA ratio improved to 0.73% as on June 30.

Central Bank of India Signs Co-Lending Partnership, HDFC Securities Picks as Stock Pick - 17 Jul, 2024

Central Bank of India has signed a co-lending partnership with Arka Fincap to offer MSME loans. Additionally, HDFC Securities has picked the bank as one of its five stock picks for up to three months.

Central Bank of India Stock Sees Surge in Volume - 09 Jul, 2024

Central Bank of India's stock experienced a surge in trading volume, with 20.24 lakh shares traded on BSE, a 3-fold increase over the two-week average daily volume. The stock also rose by 5.34% to reach Rs.65.12.

Central Bank of India Drops for Fifth Straight Session - 08 Jul, 2024

Central Bank of India's stock has dropped 0.34% to Rs 61.97 on the NSE, easing around 3.61% in the last month. The Nifty PSU Bank index is down 1.19% on the day and has eased around 0.88% in the last month. The volume in the stock stood at 37.85 lakh shares today.

Central Bank of India Awards Rs 119 Crore Contract to Dynacons Systems & Solutions - 03 Jul, 2024

Dynacons Systems & Solutions has been awarded a contract worth Rs 119 crore by Central Bank of India for the supply, implementation, and maintenance of private cloud infrastructure, backup solutions, and supporting applications at the bank's data center and disaster recovery center.

Central Bank of India Partners with Mirae Asset for Mutual Fund Distribution - 01 Jul, 2024

Central Bank of India has entered into a distributorship agreement with Mirae Asset Investment Managers (India) Pvt. Ltd. to distribute their mutual fund products on a DIY model.

Central Bank of India partners with Mirae Asset for mutual fund distribution - 29 Jun, 2024

Central Bank of India has partnered with Mirae Asset Investment Managers to offer its customers an opportunity to invest in various mutual fund products under its do-it-yourself model. The bank aims to unlock the value of savings through this partnership.

Enforcement Directorate attaches assets worth over Rs 4 crore in Central Bank of India fraud case - 28 Jun, 2024

The Enforcement Directorate has provisionally attached assets worth over Rs 4 crore belonging to Ashoka Property Developers and others in connection with a bank fraud case registered by the CBI and EOW. The financial watchdog initiated investigations after a complaint was filed by the Central Bank of India against Ashoka Property Developers, Ashok Kumar Singh, Ashish Kumar Singh and others. The ED investigation revealed that they committed bank fraud by orchestrating a criminal conspiracy using fabricated and forged documents.

Central Bank of India Plans to Raise Rs 2,000 Crore Through QIP - 27 Jun, 2024

The Central Bank of India plans to raise Rs 2,000 crore through a Qualified Institutional Placement (QIP) and has reduced its Non-Performing Assets (NPA) from 1.77% in FY23 to 1.24% in FY24. Its shares have appreciated by 31% over the last six months and surged by 131% over the past year.

Central Bank of India Plans Fund Raise Through QIP Share Issue - 26 Jun, 2024

Central Bank of India is set to raise Rs 2,000 crore through a Qualified Institutional Placement (QIP) to meet the minimum public float requirement and reduce government stake.

Central Bank of India Plans to Reduce Government Stake - 25 Jun, 2024

Central Bank of India is among five state-owned banks planning qualified institutional placements in H2 FY25 to reduce the government's stake to 75% as mandated by the market regulator.

Central Bank of India Aims for Efficiency Improvement - 24 Jun, 2024

Central Bank of India plans to improve operational efficiency by targeting a cost-to-income ratio below 50% in FY25 while strengthening its balance sheet and improving asset quality.