Central Bank of India

Central Bank of India - Board to consider Dividend On 31 May 2013 The board meeting of Central Bank of India will be held on 31 May 2013, to consider the audited consolidated financial results for the year ended 31 March 2013.

Central Bank of India Recommends Dividend Of Rs 2.50 per share The board of Central Bank of India in its meeting held on 10 May 2013 has recommended final dividend of 25% on the equity share capital (Rs 2.50 Per equity share of Rs 10 each) subject to approval of shareholders.

Central Bank of India to consider final dividend Board meeting on 10 May 2013 The board meeting of Central Bank of India will be held on 10 May 2013 to consider and take on record the audited financial results of the bank for the quarter and the financial year ended 31 March 2013 and for recommendation of final dividend for the financial year 2012-13.

Central Bank of India records total business of Rs 4.02 lakh crore Central Bank of India has recorded total business of Rs 4.02 lakh crore as on 31 March 2013, crossing the milestone business target of Rs 4 lakh crore.

Central Bank of India allots equity shares On 20 March 2013 The capital raising committee of Central Bank of India at their meeting held on 20 March 2013 has allotted 308,461,538 equity shares to President of India (Government of India) subsequent to passing of the special resolution by shareholders at their meeting held on 18 March 2013 to accord consent to the capital raising committee/board of the bank to create, offer, issue and allot abovesaid shares to Government of India of the face value of Rs 10 per equity share at a price of Rs 78 per equity share aggregating upto Rs 2406 crore. With this allotment, shareholding of President of India (Government of India) has increased to 85.31% from 79.15%.

Central Bank of India`s shareholders approve raising of equity capital By way of preferential allotment The shareholders of Central Bank of India at the extraordinary general meeting held on 18 March 2013 have approved to create, offer, issue and allot up to 308,461,538 equity shares of the face value of Rs 10 each to Government of India on preferential basis for cash at issue price of Rs 78 per equity share (including a premium of Rs 68 per equity share) as determined in accordance with Regulation 76 of SEBI ICDR Regulations aggregating upto Rs 2406 crore.

Government of India appoints Krishan Sethi as part-time non-official director of Central Bank of India For a period of three years Central Bank of India has announced that the Government of India, Ministry of Finance, vide notification dated 28 February 2013, has nominated Krishan Sethi as part-time non-official director on the board of the bank for a period of three years from the date of said notification of his appointment or until further orders, whichever is earlier.

Central Bank of India to convene EGM On 18 March 2013 Central Bank of India has announced that the extra-ordinary general meeting of shareholders will be held on 18 March 2013 to consider and pass the necessary special resolution. The bank has further informed that capital raising committee of the board at its meeting held on 15 February 2013 being the relevant date, has fixed the issue price of Rs 78 per equity share (including premium of Rs 68 per equity share) determined as per Regulation 76(1) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. Accordingly, total number of shares to be offered to President of India (Government of India) will be 308,461,538 equity shares.

Central Bank of India to raise equity capital upto Rs 2406 crore To convene EGM on 18 March 2013 The board of Central Bank of India in its meeting on 30 January 2013 has approved raising of additional equity capital upto the extent of Rs 2406 crore by way of issue equity shares of face value of Rs 10 each at such price as may be decided as per SEBI (ICDR) Regulations, 2009 in favour of Government of India on preferential basis, subject to the approval of Reserve Bank of India, shareholders and other statutory authorities (if any). Further, the board has decided to convene extraordinary general meeting on 18 March 2013.

Central Bank of India appoints executive director With effect from 11 January 2013 Central Bank of India has announced that R K Dubey, executive director has ceased to be the director of the bank with effect from 11 January 2013, upon elevation as chairman and managing director of Canara Bank. Further, Raj Kumar Goyal, general manager of Bank of India has joined the Central Bank as executive director with effect from 11 January 2013.

Central Bank of India to announce Q3 results Board meeting on 30 January 2013 The board meeting of Central Bank of India will be held on 30 January 2013 to consider and take on record unaudited financial results of the bank for the third quarter ended 31 December 2012.

Central Bank of India to issue equity shares On preferential basis The board of Central Bank of India at its meeting held on 21 December 2012 has considered and approved issuance of equity shares of Rs 10 each at such price as may be decided as per SEBI (ICDR) Regulations, 2009 on preferential basis in favour of Government of India and/or other interested and eligible shareholder(s).

V R Iyer ceases as executive director of Central Bank of India With effect from 05 November 2012 Central Bank of India has announced that V R Iyer, executive director has ceased to be the director of the bank with effect from 05 November 2012 upon elevation as chairperson and managing director of Bank of India. Further, Malay Mukherjee, general manager of Indian Bank has joined the bank as executive director with effect from 05 November 2012.

Central Bank of India to announce Q2 results On 06 November 2012 A meeting of the board of Central Bank of India will be held on 06 November 2012 to consider and take on record unaudited financial results of the bank for the second quarter ended 30 September 2012.

Ved Prakash ceases as director of Central Bank of India With effect from 20 October 2012 Central Bank of India has announced that Ved Prakash, part-time non- official director has ceased to be the director of the bank with effect from 20 October 2012 consequent upon expiry of his term on 19 October 2012.

Romesh Sabharwal ceases as director of Central Bank of India With effect from 06 October 2012 Central Bank of India has announced that Romesh Sabharwal, part-time non- official director has ceased to be the director of the bank with effect from 06 October 2012 consequent upon expiry of his term on 05 October 2012.

Central Bank of India raises Rs 500 crore through bond offer On 28 September 2012 Central Bank of India on 28 September 2012 has raised Rs 500 crore by issue and allotment of 5000 unsecured perpetual tier-I bonds (series II) of face value of Rs 10 lakh each, on private placement basis.

Central Bank of India to announce consolidated financial results Board meeting on 24 May 2012 The board meeting of Central Bank of India will be held on 24 May 2012 to consider and take on record the audited consolidated financial results of the bank for the financial year ended 31 March 2012.

Central Bank of India recommends final dividend Of 20% The board of Central Bank of India in its meeting on 08 May 2012 has recommended final dividend at the rate of Rs 2 per share (20%).

Central Bank of India to announce financial results Board meeting on 08 May 2012 The board meeting of Central Bank of India will be held on 08 May 2012 to consider and take on record the audited financial results of the bank for the financial year ended 31 March 2012 and to consider recommendation of final dividend for the financial year 2011-12.

Central Bank of India allots equity shares The committee of Central Bank of India in its meeting on 31 March 2012 has approved the allotment of 64,009,090 equity shares of face value of Rs 10 each to President of India. Further, the committee has approved the allotment of 2,55,00,000 equity shares of face value of Rs 10 each to Life insurance Corporation of India.

Central Bank of India to raise funds The board of Central Bank of India in its meeting on 24 March 2012 has approved raising of equity capital upto Rs 1,000 crore by issuance of 6,23,57,687 equity shares of face value of Rs 10 each to Government of India & upto 3,23,30,316 equity shares of face value of Rs 10 each to Life Insurance Corporation of India on preferential basis.

Central Bank of India to convene EGM On 27 March 2012 Central Bank of India has announced that the extraordinary general meeting of the company will be held on 27 March 2012.

Central Bank of India to convene EGM On 27 March 2012 The board of Central Bank of India in its meeting on 29 February 2012 has approved raising of equity capital upto Rs 1,000 crore by issuance of upto 62,357,687 equity shares of face value of Rs 10 each to Government of India (GoI) & upto 32,330,316 equity shares of face value of Rs 10 each to Life Insurance Corporation of India (LIC) on preferential basis. Further, the board has decided to convene extraordinary general meeting on 27 March 2012.

Central Bank of India to issue equity shares On preferential basis The board of Central Bank of India in its meeting on 31 January 2012 has considered and approved the issuance of equity shares of face value of Rs 10 each on preferential basis in favour of Government of India.

Central Bank of India to announce Q3 results Board meeting on 31 January 2012 The board meeting of Central Bank of India will be held on 31 January 2012 to consider and take on record unaudited financial results of the bank for the third quarter ended 31 December 2011 (Q3).

Central Bank of India raises lower tier II bonds of Rs 500 crore On 21 December 2011 Central Bank of India on 21 December 2011 has raised Rs 500 crore of tier II capital on private placement basis.

Central Bank of India to convene EGM On 09 January 2012 The extraordinary general meeting of Central Bank of India will be held on 09 January 2012 to elect two directors from amongst the shareholders of the bank other than the Central Government.

Brijial Kshatriya and N Balakrishnan ceases as directors of Central Bank of India With effect from 19 November 2011 Central Bank of India has announced that Brijial Kshatriya and N Balakrishnan, shareholder directors ceased to be directors of the bank with effect from 20 November 2011 consequent upon expiry of his term on 19 November 2011.

Government of India appoints Alok Tandon as director of Central Bank of India With immediate effect Central Bank of India has announced that the Government of India, Ministry of Finance has nominated Alok Tandon as director of the bank in place of Shashank Saksena with immediate effect and until further orders.

Central Bank of India adjourns board meeting To 01 November 2011 The board meeting of Central Bank of India which is scheduled to be held on 31 October 2011 to consider and take on record unaudited financial results of the bank for the second quarter ended 30 September 2011 has been re- scheduled. The meeting will now to be held on 01 November 2011.

Central Bank of India to announce Q2 results Board meeting on 31 October 2011 The board meeting of Central Bank of India will be held on 31 October 2011 to consider and take on record the unaudited financial results of the bank for the second quarter ended 30 September 2011 (Q2).

Government of India appoints Guman Singh as part-time non official director of Central Bank of India With effect from 08 August 2011 Central Bank of India has announced that the Government of India, Ministry of Finance, vide notification dated 08 August 2011 has nominated Guman Singh as part-time non official director on the board of the bank for a period of 3 years from the date of the said notification of his appointment or till further orders, whichever is earlier.

Central Bank of India to announce Q1 results Board meeting on 29 July 2011 The board meeting of Central Bank of India will be held on 29 July 2011 to consider and take on record the financial results of the bank for the first quarter ended 30 June 2011 (Q1).

Central Bank of India appoints chairman & MD With effect from 29 June 2011 Central Bank of India has announced that M V Tanksale has joined as chairman and managing director of the bank with effect from 29 June 2011.

Srinivasan Sridhar ceases as chairman & MD of Central Bank of India With effect from 31 May 2011 Central Bank of India has announced that Srinivasan Sridhar has retired from the position of chairman and managing director of the bank with effect from close of working hours on 31 May 2011 on attaining superannuation.

Central Bank of India to hold board meeting On 30 May 2011 The board meeting of Central Bank of India will be held on 30 May 2011 to consider and take on record the audited consolidated financial results of the bank for the financial year ended 31 March 2011.

Central Bank of India recommends final dividend Of 25% The board of Central Bank of India in its meeting on 06 May 2011 has recommended final dividend at the rate of Rs 2.50 per share (25%).

Central Bank of India`s committee approves right issue price On 08 March 201 The committee of Central Bank of India in its meeting on 08 March 2011 has approved Rs 103 as issue price for every rights equity share.

Central Bank of India raises tier II capital On 21 Janaury 2011 Central Bank of India has raised Rs 300 crore of tier II capital on 21 January 2011 on private placement.

Central Bank of India to announce Q3 results Board meeting on 31 January 2011 The board meeting of Central Bank of India will be held on 31 January 2011 to consider and take on record the financial results of the bank for the third quarter ended 31 December 2010 (Q3).

M S Johar ceases as director of Central Bank of India With effect from 01 January 2011 Central Bank of India has announced that the tenure of three years of M. S. Johar has expired on 01 January 2011 and hence, he ceased to be director of the bank as at the close of office hours on 01 January 2011. M. S. Johar was nominated as part-time non-official director under Chartered Accountant category on the board of the bank for a period of three years with effect from 02 January 2008 by Government of India, Ministry of Finance, Department of Financial Services.

Central Bank of India appoints company secretary With effect from 09 November 2010 Central Bank of India has announced that Anand Kumar Das, a member of the Institute of Company Secretaries of India has joined the bank as assistant general manager (company secretary) with effect from 09 November 2010.

Central Bank of India appoints auditors Central Bank of India has appointed G S A and Associates., New Delhi, Sagar & Associates, Hyderabad, K. S. Aiyar & Co., Mumbai, Ghiya & Co., Jaipur, D. Rangaswamy & Co., Chennai and Samsand & Associates, New Delhi as auditors of the bank for the financial year 2010-11.

Central Bank of India to announce Q2 results Board meeting on 26 October 2010 The board meeting of Central Bank of India will be held on 26 October 2010 to consider and take on record the financial results of the bank for the quarter ended 30 September 2010 (Q2).

Central Bank of India and Wipro sign 5 year strategic partnership To provide technology core banking solution for seven sponsored Regional Rural Banks Central Bank of India and Wipro have announced a 5 year total outsourcing agreement to provide state-of-the-art technology core banking solution for seven sponsored Regional Rural Banks. One of them, Uttar Bihar Gramin Bank is the biggest RRB in India and has a large presence in Bihar. The engagement is of vital importance to Central Bank of India in order to achieve its objective of financial inclusion and bringing low cost and efficient banking services to the rural masses. The Centralized Core Banking Project is expected to facilitate efficient internal operations for the seven Regional Rural Banks. It is also expected to provide the competitive edge by enabling regional rural banks offer innovative products and services at optimum costs. The Core Banking project would integrate 2000 sites which include branches, extension counters, Satellite offices, Regional Offices, Head Offices and back offices in a phased manner. The solution would also offer alternate Delivery Channels like Internet Banking and Mobile (including SMS Alerts) Banking. The company made this announcement after the trading hours on 01 September 2010.

Government of India appoints Salim Gangadharan as RBI nominee director of Central Bank of India With effect from 30 August 2010 Central Bank of India has announced that the Government of India, Ministry of Finance, and Department of Financial Services has nominated Salim Gangadharan on the board of the bank as RBI nominee director with effect from 30 August 2010 in place of M K Bhattacharya.

Central Bank of India's board approves rights issue On 29 July 2010 The board of Central Bank of India in its meeting on 29 July 2010 has approved the proposal to issue shares on rights basis.

Central Bank of India to announce Q1 results Board meeting on 29 July 2010 The board meeting of Central Bank of India will be held on 29 July 2010 to consider and take on record the financial results of the bank for the quarter ended 30 June 2010 (Q1). The board will also consider issue of right shares.

Central Bank of India to raise funds By way of upper tier-II bonds Central Bank of India has announced that the bank proposes to raise an amount of Rs. 1000 crore by way of upper tier-II bonds.