Central Bank of India would be raising Rs crores as capital, this year through the Government and qualified institutions. With such a huge requirement, the Government is expected to bring in Rs crores, with the rest got from internal accruals and the market. In order to meet the Basel III capital adequacy norms, the Government had said that public sector banks would have to raise Rs . lakh crores over the next four years to meet some of their capital requirements. Central Bank is also expected to go the QIP route to meet these requirements. The bank has already appointed three merchant bankers namely ICICI Securities, SBI Capital Markets and IDBI Capital. As a State run bank, Central Bank of India, offers an eclectic array of banking products and services. The range of products provided by the bank include loans, deposits, MSME banking, agri banking, cards, NRI banking and exclusive entrepreneurial services for women. Customers can use mobile banking and internet banking services provided by the bank from anywhere across the globe. Funds transfers can be done via NEFT or RTGS. Customers need to get details like beneficiary’s name, bank account number, bank's name and the IFSC code of the branch to make money transfers.
CBIN0282473
Central Bank of India
Tamil Nadu
Dharmapuri
