Central Bank Of India

Central Bank Of India News

Central Bank of India raises fixed deposit interest rates; check latest rates here
Business

Central Bank of India raises fixed deposit interest rates; check latest rates here

CBI offers 6.25 per cent interest on deposits worth Rs 2 crore to Rs 10 crore maturing in 1 year to less than 2 years

Central Bank of India likely to exit RBI's PCA framework soon
Business

Central Bank of India likely to exit RBI's PCA framework soon

The only private sector lender in RBI's Prompt Corrective Action framework have seen improvement in its financial health. The bank has seen 14.2% rise in net profit in first quarter that ended in June this fiscal as compared to the same quarter a year ago

Central Bank of India recruitment 2022: Application deadline for 19 SO posts concludes today
India

Central Bank of India recruitment 2022: Application deadline for 19 SO posts concludes today

The recruitment is being held for a total of 19 Scale-III Information Technology Senior Manager posts, according to the official notice.

CBI charges Gupta brothers, who founded Ashoka University, in Rs 1,626 crore bank fraud; all you need to know
Business

CBI charges Gupta brothers, who founded Ashoka University, in Rs 1,626 crore bank fraud; all you need to know

They have been accused of cheating the Central Bank of India along with 11 other banks to the tune of Rs 1,626.74 crore

Central Bank of India Recruitment 2021: Registration process starts on 23 Nov, check centralbankofindia.co.in
India

Central Bank of India Recruitment 2021: Registration process starts on 23 Nov, check centralbankofindia.co.in

Meanwhile, the registration process will commence on 23 November and will end on 17 December

Central Bank of India (CBI) Recruitment 2020-21: Apply for Faculty and Office Assistant posts by 28 December, check at centralbankofindia.co.in
India

Central Bank of India (CBI) Recruitment 2020-21: Apply for Faculty and Office Assistant posts by 28 December, check at centralbankofindia.co.in

There are a total of three vacancies out of which two are for faculty (one each at RSETI Jabalpur and RSETI Mandla) while there is one office assistant post at RSETI in Mandla

SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016
Business

SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

Central Bank shares zoom 16% on Rs 3,353 cr fundraising plans by government
Business

Central Bank shares zoom 16% on Rs 3,353 cr fundraising plans by government

Central Bank of India stock on Wednesday surged about 16 percent after the company's board approved to allot shares on a preferential basis to the government to raise up to Rs 3,353 crore

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
Business

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud
Business

RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud

The Lakshmi Vilas Bank on Saturday received shareholders' approval to raise up to Rs 1,000 crore by issuance of securities

Edelweiss Group, Central Bank of India partner to co-lend to MSMEs, to facilitate speedy disbursal of credit
Business

Edelweiss Group, Central Bank of India partner to co-lend to MSMEs, to facilitate speedy disbursal of credit

The partnership comes after the Reserve Bank of India (RBI) announced progressive Co-Origination Policy in September 2018

Central Bank to raise upto Rs 3,000 cr capital from markets; to come out with repo-linked retail products in September
Business

Central Bank to raise upto Rs 3,000 cr capital from markets; to come out with repo-linked retail products in September

The Central Bank has also made a funding request to the government from the Rs 70,000-crore it has budgeted

CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore
Business

CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore

The figure, which stood at around Rs 640 crore, swelled to Rs 1,139 crore as the agency continued filing of FIRs

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
Business

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out

The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.

PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt
Business

PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt

The capital infusion will be by way of preferential allotment of equity shares of the bank during 2018-19, as government's investment, Bank of Baroda said

Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues
Business

Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues

Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks
Business

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks

The finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans