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Central Bank of India to raise Rs 6,500 crore in FY18

Central Bank of India is planning to raise up to Rs 6,500 crore in FY18. The money can be raised through various modes such as preferential issue, qualified institutional placement, rights issue, follow on public offer. The company’s board gave approval for the same at a meeting held on May 23, 2017.

Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 4709 Branches, 4 Extension counters, along with 29 Satellite Offices (as on December 2015) at various centres throughout the length and breadth of the country.

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