CENTRALBK

April 28 (Reuters) - Central Bank of India Ltd CBI.NS:

• Q4 NET PROFIT 10.34 BILLION RUPEES

• Q4 GROSS NPA 3.18%

• Q4 INTEREST EARNED 86.19 BILLION RUPEES

• Q4 PROVISIONS & CONTINGENCIES 8.44 BILLION RUPEES

Source text: [ID:]

Further company coverage: CBI.NS

(([email protected];;))

April 23 (Reuters) - Central Bank of India Ltd CBI.NS:

• TO CONSIDER CAPITAL RAISING PLAN OF THE BANK FOR FY 2025-26

• TO CONSIDER CAPITAL RAISING PLAN VIA FPO/RIGHTS ISSUE/QIP/PREFERENTIAL ISSUE

Source text: [ID:]

Further company coverage: CBI.NS

(([email protected];;))

April 3 (Reuters) - Network People Services Technologies Ltd NETO.NS:

• NETWORK PEOPLE SERVICES TECHNOLOGIES - GETS PURCHASE ORDER FROM CENTRAL BANK OF INDIA

• NETWORK PEOPLE SERVICES TECHNOLOGIES - CO AWARDED 40% OF TOTAL ORDER, VALUE OF 1.68 BILLION RUPEES

Source text: ID:nNSEK20Py

Further company coverage: NETO.NS

(([email protected];;))

April 2 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA LTD - PROVISIONAL TOTAL BUSINESS UP 10.75% Y/Y AS OF MARCH 31

Source text: [ID:]

Further company coverage: CBI.NS

(([email protected];;))

March 24 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA LTD - ANNOUNCES OPENING OF QUALIFIED INSTITUTIONS PLACEMENT

• CENTRAL BANK OF INDIA LTD - APPROVED FLOOR PRICE OF 42.62 RUPEES PER EQUITY SHARE

Source text: ID:nBSE1MMtxJ

Further company coverage: CBI.NS

(([email protected];))

NEW DELHI, Feb 25 (Reuters) - India has invited bids to appoint merchant bankers and legal advisers to sell the government's minority shareholding in select public sector banks and financial companies.

The government is looking to undertake minority stake sales in state-run banks and financial firms through an offer for sale, according to a document published on Monday on the Department of Investment and Public Asset Management's website, which did not name the lenders.

The federal finance ministry is looking dilute minority shareholdings in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, Reuters reported in November.

The plan to lower the government’s stake in banks and financial companies is required to comply with public shareholding norms mandated by the markets regulator.

The Securities and Exchange Board of India requires companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.

The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank. It also owns an 80% stake in Bank of Maharashtra BMBK.NS.

In the past, public sector banks launched qualified institutional placements (QIP) to raise capital, which, in turn, reduced the government's stake in state-run banks.

Merchant bankers and legal advisers will be appointed for three years and are required to submit their bids by March 27, the document said.

India has ditched its ambitious privatisation plans and put on hold a majority stake sale in at least nine state-owned units after opposition from relevant ministries.

Instead, it is continuing with minority stake sales in state-run companies. As of February, the government mopped up 86.25 billion rupees ($993.2 million) via stake sales in the 2024-25 financial year.

($1 = 86.8420 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Sonia Cheema)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

Feb 3 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA LTD - ENTERS CO-LENDING PARTNERSHIP WITH VASTU HOUSING FINANCE

Source text: ID:nBSE9PTT4C

Further company coverage: CBI.NS

(([email protected];;))

BENGALURU, Jan 20 (Reuters) - Diary of India economic, corporate events on Jan. 20

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled', AMC - 'After market close'

(Compiled by Bengaluru Newsroom)

(([email protected]))

Dec 3 (Reuters) - Central Bank of India Ltd CBI.NS:

• VAKRANGEE - PARTNERS WITH CENTRAL BANK OF INDIA FOR OFFERING BANKING SERVICES ON PAN INDIA BASIS

Source text: [ID:]

Further company coverage: CBI.NS

(([email protected];))

** Shares of Central Bank of India CBI.NS rise 8.1% to 56.5 rupees, set for highest one-day pct gain since June 4

** Stock top pct gainer on Nifty public sector bank index .NIFTYPSU, which is up 4.5%

** Co on Friday said the Reserve Bank of India approved lender's entry into insurance business

** CBI will ink joint venture with Generali Group for the business

** CBI up ~ 13% YTD vs 19% gain in public sector bank index

(Reporting by Sethuraman NR)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]/))

Nov 22 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA - RBI APPROVED BANK'S ENTRY IN INSURANCE BUSINESS

• CENTRAL BANK OF INDIA - ENTRY IN INSURANCE BUSINESS VIA JV WITH GENERALI GROUP

Further company coverage: CBI.NS

(([email protected];))

Adds stock moves in paragraph 5

By Nikunj Ohri

NEW DELHI, Nov 19 (Reuters) - The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, the source said.

The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank as of end-September, according to data on the BSE's website.

The plan under consideration is to sell the stake through an offer for sale in the open market, the source said.

Shares of the banks rose between 3% and 4% following the report.

The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.

The source did not comment on whether the government will be able to meet the regulator's deadline or whether it would seek a further extension.

The official said the timing and the quantum of the sale would be decided based on market conditions. The official did not want to be named as he is not authorised to speak to the media.

India's finance ministry did not immediately respond to a request for comment.

In the past, public sector banks have launched qualified institutional placements (QIP) to raise capital which has in turn lowered the government's stake in state-run banks.

Punjab National Bank raised 50 billion rupees through a QIP in September, while Bank of Maharashtra raised 35 billion rupees in October.

(Reporting by Nikunj Ohri; Editing by Varun H K)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

Nov 18 (Reuters) - Central Bank of India Ltd CBI.NS:

• MOS UTILITY LTD - CO AND CENTRAL BANK OF INDIA PARTNER

Source text: [ID:]

Further company coverage: CBI.NS

(([email protected];;))

** Shares of Central Bank of India CBI.NS rise 2.5% to 58.9 rupees, their biggest intraday gain since Sept. 23

** Stock top gainer on Nifty PSU Bank index .NIFTYPSU, which is down 0.3%

** Public lender reports 50.9% Y/Y rise in Q2 net profit; net interest income up 12.6%

** CBI sees busiest day in about a month, with over 17 mln shares changing hands

** Stock up 17% YTD vs 15% rise in Nifty PSU Bank index

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 15 (Reuters) -

• India Competition Watchdog: APPROVES 24.91% STAKE ACQUISITION IN FUTURE GENERALI INDIA INSURANCE BY CENTRAL BANK OF INDIA

• India Competition Watchdog: APPROVES 25.18% STAKE ACQUISITION IN FUTURE GENERALI INDIA LIFE INSURANCE BY CENTRAL BANK OF INDIA

Source text for Eikon: [ID:]

Further company coverage: CBI.NS

(([email protected];;))

** Shares of financial technology provider Findi Ltd FND.AX rise 5% to A$5.0, set for best day since Sept. 25, if gains hold

** Co says its unit has secured a contract from the Central Bank of India for deployment of an additional 638 ATMs

** Findi estimates full deployment of ATMs will result in an additional A$5-6 mln ($3.44 million-$4.13 million) of annual revenue and A$2-2.5 mln of annual EBITDA

** FND shares have more than quadrupled YTD

($1 = 1.4539 Australian dollars)

(Reporting by Ayushman Ojha in Bengaluru)

(([email protected];))

Aug 21 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA - DECLARED SUCCESSFUL BIDDER TO BUY FUTURE ENTERPRISES STAKE IN TWO INSURANCE VENTURES

• CENTRAL BANK OF INDIA - FUTURE ENTERPRISES' CREDITORS APPROVED CO'S BID FOR 33% STAKE IN FUTURE GENERALI LIFE INSURANCE

• CENTRAL BANK OF INDIA - FUTURE ENTERPRISES' CREDITORS APPROVED CO'S BID FOR 25% STAKE IN FUTURE GENERALI INDIA INSURANCE

Source text for Eikon: ID:nBSE9fHkxN

Further company coverage: CBI.NS

(([email protected];))

By Siddhi Nayak

MUMBAI, Aug 5 (Reuters) - Lenders to India's Go First have decided to liquidate the company's assets after rejecting bids by interested suitors to revive the bankrupt airline, two banking sources said.

Go First, which filed for bankruptcy in May last year, had received two financial bids under the bankruptcy process.

The Committee of Creditors has voted in favour of liquidating the airline, the bankers said.

Liquidation "is the best way forward" and "it makes no sense to keep pumping in more money" to cover costs related to the insolvency process, one of the bankers said.

Emails seeking comments to Go First's resolution professional, who conducts the bankruptcy process, did not immediately get a response.

The bankers did not wish to be identified because they were not authorised to speak with the media.

Reuters had earlier reported that one of the two bidders had raised its offer after a push by lenders.

"Bidders were given adequate time to review and raise their bids, but even that fell short of lenders' expectations," the first banker said.

The liquidation process will commence once all legal formalities are completed, the second banker said.

Go First owes a total of 65.21 billion rupees ($781.14 million) to its creditors, which include Central Bank of India CBI.NS, Bank of Baroda BOB.NS, IDBI Bank IDBI.NS and Deutsche Bank DBKGn.DE.

Foreign aircraft lessors of Go First were locked in a tussle with the company after they were blocked from repossessing planes due to a moratorium imposed by Indian courts. However, a local court, in April, allowed lessors to take back their planes.

"The court order was a major deterrent for bidders as there was no value left in the airline," the second banker said.

($1 = 83.4810 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Muralikumar Anantharaman)

(([email protected]; +91 22 6921 7848; X: https://twitter.com/siddhiVnayak))

July 18 (Reuters) - Central Bank of India Ltd CBI.NS:

• JUNE-QUARTER NET PROFIT 8.8 BILLION RUPEES

• Q1 GROSS NPA 4.54%

• Q1 INTEREST EARNED 83.35 BILLION RUPEES

• Q1 PROVISIONS & CONTINGENCIES 11.91 BILLION RUPEES

• Q1 PROVISIONS FOR NPA 13.22 BILLION RUPEES

• Q1 NET NPA 0.73%

Further company coverage: CBI.NS

(([email protected];))

July 12 (Reuters) - Central Bank of India Ltd CBI.NS:

• ENTERED INTO A CO-LENDING PARTNERSHIP WITH ARKA FINCAP

• PARTNERSHIP WITH ARKA FINCAP TO OFFER MSME LOANS

Source text for Eikon: ID:nBSE90ShKd

Further company coverage: CBI.NS

(([email protected];))

June 14 (Reuters) - Central Bank of India Ltd CBI.NS:

• BANK HAS INITIATED/TAKEN NECESSARY CORRECTIVE MEASURES OVER RBI DIRECTIONS

Further company coverage: CBI.NS

(([email protected];))

April 30 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA Q4 NET PROFIT 8.07 BILLION RUPEES VERSUS PROFIT 5.71 BILLION RUPEES

• CENTRAL BANK OF INDIA Q4 GROSS NPA 4.50% VERSUS 4.50% PREV QUARTER

• CENTRAL BANK OF INDIA Q4 INTEREST EARNED 83.37 BILLION RUPEES VERSUS 71.44 BILLION RUPEES

• CENTRAL BANK OF INDIA Q4 PROVISIONS & CONTINGENCIES 7.07 BILLION RUPEES VERSUS 12.05 BILLION RUPEES

• CENTRAL BANK OF INDIA Q4 PROVISIONS FOR NPA 5.09 BILLION RUPEES VERSUS 7.89 BILLION RUPEES

• CENTRAL BANK OF INDIA Q4 NET NPA 1.23% VERSUS 1.27% PREV QUARTER

• CENTRAL BANK OF INDIA LTD - APPROVED RAISING OF CAPITAL AGGREGATING UPTO 50 BILLION RUPEES DURING FY 2024-25

Source text for Eikon: ID:nBSE2KKKF1

Further company coverage: CBI.NS

(([email protected];;))

April 25 (Reuters) - Central Bank of India Ltd CBI.NS:

• TO CONSIDER FUND RAISING

Further company coverage: CBI.NS

(([email protected];;))

April 19 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA - ENTERED INTO DISTRIBUTORSHIP AGREEMENT WITH ADITYA BIRLA SUN LIFE AMC

Source text for Eikon: [ID:]

Further company coverage: CBI.NS

(([email protected];))

March 19 (Reuters) - Central Bank of India Ltd CBI.NS:

• BANK HAS ENTERED INTO A DISTRIBUTORSHIP AGREEMENT WITH PPFAS ASSET MANAGEMENT COMPANY

• AGREEMENT FOR DISTRIBUTION OF THEIR MUTUAL FUND PRODUCTS TO ITS CUSTOMERS ON DO IT YOURSELF MODEL

Source text for Eikon: ID:nBSE5Hqbpk

Further company coverage: CBI.NS

(([email protected];))

** Shares of Central Bank of India CBI.NS shares up 1.3%

** Lender reports 57% jump in Q3 profit

** Stock 2nd-biggest gainer on Nifty PSU Bank index .NIFTYPSU

** Stock gained for third straight year in 2023, with its 56% climb and outpacing PSU index's 32% rise

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

By Siddhi Nayak

MUMBAI, Jan 14 (Reuters) - Lenders to India's Go First have set Jan. 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday.

Go First filed for bankruptcy protection in May but lenders have more recently been considering liquidating the airline after failing to secure new investors.

"Banks have decided to give the resolution process another go and allow those suitors who have shown prior interest a chance to submit a concrete bid," said a banker with a state-run bank that has exposure to Go First.

Indian carrier SpiceJet SPJT.NS said last month that it was considering an offer for Go First after conducting due diligence.

Sharjah, UAE-based Sky One, Africa-focused Safrik Investments and U.S.-based NS Aviation have also shown interest in Go First, the two sources said.

Sky One, Safrik Investments and NS Aviation did not immediately respond to requests for comment.

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

Neither of the sources wished to be identified as they are not authorised to speak to the media.

Go First's resolution professional, who conducts the insolvency process, did not immediately respond to a request for comment.

Go First's bankruptcy filing lists Central Bank of India CBI.NS, Bank of Baroda BOB.NS, IDBI Bank IDBI.NS and Deutsche Bank DBKGn.DE among creditors to which the carrier owes a total of 65.21 billion rupees ($784.38 million). ($1 = 83.1360 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Kirsten Donovan)

(([email protected]; twitter.com/swatibhat22; Reuters Messaging: [email protected]))

Jan 4 (Reuters) - Central Bank of India Ltd CBI.NS:

• AS OF DEC 31 PROVISIONAL TOTAL DEPOSITS UP 9.52% Y/Y

• PROVISIONAL GROSS ADVANCES FOR DEC QTR UP 14.91% Y/Y

Further company coverage: CBI.NS

(([email protected];))

Dec 28 (Reuters) - Central Bank of India Ltd CBI.NS:

• CENTRAL BANK OF INDIA LTD - ENTERED INTO A STRATEGIC CO-LENDING PARTNERSHIP WITH KISETSU SAISON FINANCE (INDIA)

• CENTRAL BANK OF INDIA LTD - CO-LENDING PARTNERSHIP TO OFFER MSME LOANS AT COMPETITIVE RATES

Source text for Eikon: ID:nBSE13pQsQ

Further company coverage: CBI.NS

(([email protected];;))

Adds source quote in paragraphs 10-11, creditors in paras 7-8, other details and background from para 5

By Siddhi Nayak

MUMBAI, Nov 23 (Reuters) - Go First's lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources told Reuters on Thursday, days after a deadline to bid for the company ended with no suitors.

"The proposal whether or not to liquidate the airline has been floated and individual lenders will take the proposal to their boards and submit final votes in 10-15 days," said a banker with a state-run bank that has exposure to Go First.

"It appears that there is no interest from suitors for the airline and bankers are inclined to opt for liquidation rather than restarting the insolvency process."

The Committee of Creditors met on Wednesday and Thursday to decide the future course of action for the airline.

Neither of the bankers wished to be named because they were not authorised to speak to the media.

Go First's resolution professional, who is conducting the insolvency process, did not immediately reply to an email seeking comment.

Go First, which filed for bankruptcy protection in May, owes a total of 65.21 billion rupees ($785.6 million) to its creditors.

Central Bank of India CBI.NS, Bank of Baroda BOB.NS, IDBI Bank IDBI.NS and Deutsche Bank DBKGn.DE are among the airline's creditors.

Jindal Power, the sole company whose expression of interest to take over Go First was accepted by creditors, also decided to not follow through with a bid, Reuters reported.

"Liquidation is the only viable option before banks as legal troubles are deterring suitors," said the second banker.

"Since there is (land) collateral backing the loan, it is better to opt for liquidation rather than spending more money on the insolvency process."

Go First is also locked in a legal tussle with its lessors after a moratorium imposed by Indian courts blocked them from repossessing planes.

A recent amendment to India's insolvency rules allows lessors to take back the planes, but a court has yet to determine whether this change can be applied retrospectively to Go First.

(Reporting by Siddhi Nayak; Editing by Susan Fenton, Kirsten Donovan)

(([email protected]; +91 22 6921 7848; Reuters Messaging: Twitter: https://twitter.com/siddhiVnayak))