Out of 12 PSU lenders, half of them- UCO Bank, Indian Overseas Bank, IDBI Bank, Bank of Maharashtra, Punjab & Sind Bank and Central Bank of India- do not meet the minimum public shareholding norms of Sebi.

UCO Bank, IOB, IDBI Bank among 6 PSU banks that may remain in spotlight over next few months

Central Bank of India reports 110% jump in Q1 net profit, driven by growth in net interest income.

Central Bank of India reports a 110% jump in Q1FY25 net profit at ₹880 crore

Central Bank of India’s Q1 net profit more than doubled to ₹880 crore, with improved NIM and asset quality.

Central Bank of India Q1 net profit more than doubles to ₹880 crore

Central Bank of India reported that its net profit zoomed 110.29% to Rs 879.94 crore in Q1 FY25 as against Rs 418.43 crore in Q1 FY24.

Central Bank of India PAT soars to Rs 880 crore in Q1 FY25

Total Operating Income rise 15.26% to Rs 8367.01 crore

Earnings

Central Bank of India consolidated net profit rises 90.40% in the June 2024 quarter

Upcoming results: Infosys, L&T Technology Services, Tata Communications, Central Bank of India, CIE Automotive India, Dalmia Bharat, Grindwell Norton, Havells India, JSW Infrastructure, Mastek, Newgen Software Technologies, Persistent Systems, Polycab India, Rallis India, Sagar Cements, Shoppers Stop, South Indian Bank, Sterling and Wilson Renewable Energy, Tanla Platforms, and Tata Technologies.

Spotlight

Stock Alert: LTIMindtree, L&T Finance, Asian Paints, Zee Entertainment Enterprises, Indian Oil Corporation

Arka Fincap, part of the Kirloskar Group, announced a partnership with Central Bank of India to offer MSME loans. Under this co-lending arrangement, Arka will originate and process loans while Central Bank will fund 80%. Arka aims to grow its book to Rs 7500 crore by FY25, focusing on MSME lending.

Arka Fincap signs co-lending partnership with Central Bank of India for MSME loans

Go First Airlines: Go First owes creditors - Central Bank of India, Bank of Baroda, and IDBI Bank - around Rs 6,200 crore

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids

The Reserve Bank on Friday said it has imposed a penalty of Rs 1.45 crore on the Central Bank of India for non-compliance with certain directions related to ‘loans and advances’ and ‘customer protection’.

RBI puts Rs 145 cr fine on Central Bank of India for order noncompliance

Read about RBI’s imposition of a Rs 1.45 crore penalty on Central Bank of India for non-compliance with RBI norms on loans, customer protection in electronic banking, and its implications. Get insights into the regulatory actions and their impact.

RBI Imposes Rs 1.45-Crore Penalty on Central Bank of India; Details Here - News18

The lenders of the airline include the Bank of Baroda, the Central Bank of India, and IDBI Bank

Go First on last leg of extension from NCLT to complete insolvency process

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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