The Central Bank of India launched a new bond offering worth ₹1,500 crores on August 30, 2023, boasting an attractive coupon rate of 8.8%. These bonds will mature in 2033, while providing annual call options starting from 2028.
Central Bank of India
CENTRALBKRecent Discussions
The Central Bank of India has announced that the President of India holds an impressive 89.27% stake in the bank, with no pledging or other encumbrances on these shares for the financial year ending March 31, 2026, according to SEBI regulations.
Central Bank of India reported a significant 15.7% year-on-year growth in Q4 FY25-26, reaching ₹8.13 trillion. This growth was driven by increases in both deposits (up 13.4% YoY to ₹4.68 trillion) and gross advances (up 18.9% YoY to ₹3.45 trillion).
In the financial year 2026, Punjab National Bank (PNB) reported a significant 12.2% increase in advances compared to the previous year, surpassing deposit growth. This notable expansion comes as both PNB and the Central Bank experienced double-digit credit growth, with deposits growing by 9.1% year over year.
The Central Bank of India has been issued a tax demand notice worth approximately ₹296 crores by the Income Tax Department for fiscal year 2025. The bank intends to contest this order, with hopes that its day-to-day operations will not be affected financially.