CBI books Varun Industries Ltd promoters for defrauding banks of Rs 388cr. Promoters Kiran Mehta & Kailash Agarwal accused of siphoning off Rs 269.29cr from Central Bank of India. Complaint alleges VIL diverted funds to associate firms in UAE & claimed PCL for export of steel & kitchenware items. Pr…

CBI books Varun Industries promoters in ₹388-cr bank cheating case

The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata-based Simplex Infrastructures.

NCLAT reviewing dismissal of Simplex insolvency case

Central Bank of India stock has given a return of 7.18 percent over the last six months.

Central Bank trades flat post appointment of new Chief Risk Officer

Lenders, led by Central Bank of India, argued that the lessors pleas seeking deregistration of their planes leased to the grounded airline pose a risk of lessors interests getting priority over those of lenders.

Go First lenders seek to be party in aircraft lessors’ case in Delhi HC

Central Bank of India’s total income during the June 2023 quarter increased to Rs 8,184 crore from Rs 6,357 crore in FY23

Central Bank Q1 Profit Surges 78% to Rs 418 Crore - News18

Central Bank of India reports 78% y-o-y jump in Q1 FY24 net profit to ₹418 cr. Net interest income up 48%, NIM at 3.62%, loan loss provisions down 70%, gross NPA at 4.95%, deposits up 6.05%, advances up 12.95%, capital adequacy ratio at 14.42%.

Central Bank of India reports 78% jump in Q1 FY24 net profit

Central Bank of India reports 78% rise in net profit to Rs 418 crore in Q1FY24 due to decline in bad loans & increase in interest income. Gross NPAs down to 4.95%, net NPAs to 1.75%. NIM up 74 bps, CAR to 14.42%, ROA to 0.43%, ROE to 1.63%.

Central Bank Q1 profit surges 78% to ₹418 crore

HDFC Bank, LTIMindtree, Tata Elxsi, and Central Bank of India will report their quarterly results today.

HDFC Bank, LTIMindtree, Tata Elxsi, Crisil Reporting Q1 Earnings Today — Earnings Estimates

The meeting was attended by the top officials of 21 banks which included the SBI, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of India and Central Bank of India.

Piyush Goyal | MSME : Piyush Goyal meets bankers on export credit to MSME exporters aiming to achieve $1 trillion merchandise exports

The proposal for funds was put up to the committee of creditors of Go First at a meeting that took place earlier this week. The committee of creditors includes Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.

Go First’s RP Shailendra Ajmera seeks Rs 425 crore in interim finance to restart airline

Indian markets closed higher on Tuesday with Fag-end buying. HDFC AMC rose by 11.29%, while Tata Motors was up by 3%, and Central Bank of India surged by 5.44%. Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, suggests buying these stocks. HDFC AMC is moving above its 20 DMA and 200 D…

Big Movers on D-Street: What should investors do with HDFC AMC, Tata Motors and Central Bank of India?

Price return has been average, nothing exciting

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.