Key Developments: Central Bank of India Ltd (CBI.NS)

CBI.NS on National Stock Exchange of India

70.15INR
6:25am EDT
Price Change (% chg)

Rs-1.70 (-2.37%)
Prev Close
Rs71.85
Open
Rs71.10
Day's High
Rs71.90
Day's Low
Rs69.65
Volume
678,626
Avg. Vol
1,828,100
52-wk High
Rs89.00
52-wk Low
Rs43.25

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Latest Key Developments (Source: Significant Developments)

Central Bank of India Ltd raising of equity capital by way of preferential allotment
Thursday, 12 Jun 2014 06:02am EDT 

Central Bank of India Ltd:Raising of additional equity capital by issuance and allotment of, upto 71,075,753 equity shares of the face value of 10 Indian rupees each at such price as may be determined as per SEBI (ICDR) Regulations, to Life Insurance Corporation of India on preferential basis.Board of Directors has also fixed June 13 as the relevant date for the purpose of determining the issue price.  Full Article

Central Bank of India Ltd Announces Retirement of Chairman and Managing Director
Thursday, 1 Aug 2013 04:32am EDT 

Central Bank of India Ltd announced that Shri Mohan Vasant Tanksale has retired from the position of the Chairman and Managing Director of the Bank with effect from close of working hours on July 31, 2013 on attaining superannuation.  Full Article

Mahindra And Mahindra Ltd Joins Hands With Central Bank of India Ltd For Auto Loans-Business Standard
Monday, 15 Jul 2013 05:06am EDT 

Business Standard reported that Mahindra And Mahindra Ltd has tied up with Central Bank of India Ltd for financing facilities for its entire range of vehicles, except two-wheelers. As per the agreement, Mahindra customers will be able to avail loans for purchase of three-wheelers, cars and commercial vehicles of the company. The tie-up will enable both M&M and Central Bank of India to leverage on the strengths of each others' network of over 250 dealers and 4,300 branches, respectively.  Full Article

Central Bank of India Ltd Announces Dividend Payment Date
Friday, 24 May 2013 08:55am EDT 

Central Bank of India Ltd announced that the Dividend will be paid to shareholders on July 08, 2013, subject to declaration by shareholders at Annual General Meeting.  Full Article

Central Bank of India Ltd Recommends Final Dividend
Friday, 10 May 2013 04:58am EDT 

Central Bank Of India announced that the Board of Directors at its meeting held on May 10, 2013 have recommended a Final Dividend at 25% on the Equity Share Capital (that is INR2.50 Per Equity Share of INR10 each).  Full Article

Central Bank of India Ltd Announces Allotment Of Equity Shares To President Of India (Government Of India) On Preferential Basis
Wednesday, 20 Mar 2013 06:26am EDT 

Central Bank of India Ltd announced that the Capital Raising Committee of the Board of Directors of the Bank at their meeting held on March 20, 2013 has allotted 308,461,538 equity shares to President of India (Government of India) subsequent to passing of the Special resolution by shareholders at their meeting held on March 18, 2013 to accord consent to the Capital Raising Committee/Board of the Bank to create, offer, issue and allot abovesaid shares to Government of India of the face value of INR10 per equity share at a price of INR78 per Equity Share determined in accordance with Regulation 76 of SEBI ICDR Regulations aggregating upto INR24.06 billion With this allotment, shareholding of President of India (Government of India) has increased to 85.31% from 79.15%.  Full Article

Central Bank of India Ltd Ties With ADAG Firm For Credit Card-The Economic Times
Tuesday, 12 Mar 2013 10:52am EDT 

The Economic Times reported that Central Bank of India Ltd has partnered with ADAG firm Reliance Big Cinemas to launch co-branded credit card. The card that has been designed especially for movie-goers, can also be used for shopping, dining, fuelling, booking railway tickets, payment of hospital bills and also on e-commerce platforms.  Full Article

Central Bank of India Ltd To Raise INR2,046 Crore (INR20.46 million) Capital Next Month-CNBC-TV18
Wednesday, 6 Feb 2013 11:55am EST 

CNBC-TV18 reported that Central Bank of India Ltd will raise capital up to INR2,046 crore (INR20.46 million) by mid-March through a preferential allotment route as part of the capital infusion by the government.  Full Article

Central Bank Of India Ltd Announces Board Approval Raising Of Additional Equity Capital By Way Of Issue Equity Shares
Wednesday, 30 Jan 2013 04:21am EST 

Central Bank Of India Ltd announced that the Board of Directors of the Bank at its meeting held on January 30, 2013 has considered and approved raising of additional equity capital upto the extent of INR2,406 crore (INR24.06 billion) by way of issue equity shares of face value of INR10 each at such price as may be decided as per SEBI (ICDR) Regulations, 2009 in favour of Government of India on preferential basis.  Full Article

Central Bank Of India Ltd Enters Into Alliance With National Collateral Management Services Ltd For Collateral Management-The Economic Times
Friday, 25 Jan 2013 05:16am EST 

The Economic Times reported that National Collateral Management Services Ltd (NCMSL) has entered into a strategic partnership with Central Bank Of India Ltd for collateral management and warehousing services. The objective of these services will be to assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain, ranging from pre-harvesting to the marketing and export stages, NCMSL said in a release.  Full Article

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