Central Bank of India
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Central Bank of India receives RBI nod for insurance joint venture with Generali Group
The Central Bank of India had previously announced receiving Competition Commission of India (CCI) approval for this venture on October 15, 2024. .
Global Finance magazine 2023 report ranks RBI Governor Shaktikanta Das ‘A+’
The Central Banker Report Cards published by Global Finance magazine recently released their 2023 report.
Central Bank Q1 Results: Net Profit surges by 78% to Rs. 418 crore
Net Interest Margin of Central Bank improved to 3.62 percent, registering a growth of 74 basis points.
Shares of Central Bank of India increased 15% when the RBI lifted restrictions
The only bank covered under the PCA framework of the RBI was the Central Bank of India. As a result of its high net non-performing assets (NPAs) and low Return on Assets, it was placed under the PCA framework in June 2017.
RBI removes the Central Bank of India from the PCA
According to the RBI, the bank has made a written pledge to continuously abide by the standards for minimum regulatory capital, net non-performing assets, and leverage ratio.
Central Bank of Indi posts Rs 310 crore profit in Q4, trims NPA
State-owned Central Bank of India on Monday reported Rs 310 crore net profit in the quarter ending March, 2022 (Q4) as against loss of Rs 1,349.2 crore in the same period previous year.
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