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Central Bank of India gets nod to raise Rs 3,353 crore via preferential basis

Central Bank of India has received approval to allot shares on a preferential basis to the government to raise up to Rs 3,353 crore. The capital raising committee of the board of directors at its meeting on October 29, 2019 considered and approved raising of equity capital by issuance and allotment of up to 1,58,38,45,063 equity shares aggregating to Rs 3,353 crore to the Government of India on a preferential basis.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.

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