Central Bank of India announced that the Annual General Meeting (AGM) of the bank will be held on 7 August 2020.

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Net Loss of Central Bank of India reported to Rs 1680.18 crore in the quarter ended March 2020 as against net loss of Rs 2484.77 crore during the previous quarter ended March 2019. Total Operating Income rose 8.19% to Rs 5954.72 crore in the quarter ended March 2020 as against Rs 5504.04 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 1255.72 crore in the year ended March 2020 as against net loss of Rs 5616.92 crore during the previous year ended March 2019. Total Operating Income rose 4.07% to Rs 23675.59 crore in the year ended March 2020 as against Rs 22748.62 crore during the previous year ended March 2019.

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Central Bank of India rose for a fifth straight session today. The stock is quoting at Rs 17.9, up 2.87% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 10528.25. The Sensex is at 35673.02, up 0.68%. Central Bank of India has added around 36.12% in last one month.

Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has added around 41.89% in last one month and is currently quoting at 1523.9, up 1.51% on the day. The volume in the stock stood at 24.06 lakh shares today, compared to the daily average of 16.96 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending December 19.

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Central Bank of India will hold a meeting of the Board of Directors of the Company on 29 June 2020.

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