Central Bank of India Share Price – NSE  / BSE

Banks, Mid Cap

Central Bank of India announced that India Rating & Research has upgrade the credit rating assigned to the Bank's Basel III Tier 2 Bonds to IND AA; Stable.

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The approval is subject to continuous compliance of conditions stipulated by it and approval of IRDAI, the insurance sector regulator.

In October 2024, the Competition Commission of India (CCI) has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance Company (FGIICL) and 25.18% shareholding in Future Generali India Life Insurance Company (FGILICL) by Central Bank of India, a public sector bank.

FGIICL is a general insurance company. It provides personal insurance, commercial insurance, social & rural insurance etc.

FGILICL is a life insurance company. It provides savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans and group insurance plans.

Central Bank of India is engaged in providing banking and financial services with wide range of products and services to individuals, commercial enterprises, large corporates, public bodies and institutional customers.

The bank reported 50.91% jump in net profit to Rs 913 crore on a 17.08% increase in total income to Rs 9,849 crore in Q2 FY25 as compared with Q2 FY24.

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Central Bank of India fell for a fifth straight session today. The stock is quoting at Rs 52.88, down 3.68% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78007.07, down 0.85%.Central Bank of India has eased around 7.36% in last one month.Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has eased around 0.18% in last one month and is currently quoting at 6745.95, down 1.86% on the day. The volume in the stock stood at 27.05 lakh shares today, compared to the daily average of 59.26 lakh shares in last one month.

The PE of the stock is 14.37 based on TTM earnings ending September 24.

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Central Bank of India gained for a third straight session today. The stock is quoting at Rs 55.5, up 3.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Central Bank of India has slipped around 5.37% in last one month.

Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has slipped around 0.41% in last one month and is currently quoting at 6758.95, up 0.46% on the day. The volume in the stock stood at 33.91 lakh shares today, compared to the daily average of 52.1 lakh shares in last one month.

The PE of the stock is 14.09 based on TTM earnings ending September 24.

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