Ind-Ra reaffirms Base III compliant Tier II bonds rating of Central Bank of India

India Ratings and Research (Ind-Ra) vide e-mail dated 03.03,2021 has reaffirmed its ratings on Basel III compliant Tier II bonds of Central Bank of India as [IND] AA- (Outlook: Negative).

The rating continues to factor in the strong support of the Government of India (Col) as the bank's promoter and a major shareholder with an 89.78% stake as of 31St December 2020, along with its continued support to the bank in the form of a capital infusion, comfortable capitalization and resource profile.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.18.15 as compared to the previous close of Rs. 18.05. The total number of shares traded during the day was 2871288 in over 5078 trades.

The stock hit an intraday high of Rs. 18.7 and intraday low of 18.05. The net turnover during the day was Rs. 52568833.

Source : Equity Bulls

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