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The Latest Breaking News from Central Bank of India

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

Central Bank of India Q1 results: Profit rises 13% to Rs 1,324 cr

Central Bank of India announced a thirteen percent net profit increase for the June quarter. Total income rose to Rs 10,678 crore, and interest earned improved significantly. However, the bank's operating profit saw a decline from the previous year. Asset quality improved as gross non-performing assets moderated to two point…

The Economic Times

NRE FD interest rates up to 6.70%: SBI, HDFC Bank, PNB and more; which bank offers best returns for NRIs

Non-Resident Indians can invest foreign earnings in Indian rupees through NRE fixed deposits. These deposits offer tax-exempt interest and free repatriation of funds abroad.

The Economic Times

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Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India, BoB and more

Several Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announced it would cover hedging costs for new 3 to 5 year FCNR(B) deposits. This initiative benefits Non-Resident Indians and others. Central Bank of India is offering a 6% interest rate on…

The Economic Times

FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?

FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. This move allows banks to offer higher interest rates to Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). An NRI may now earn an additional $1,277 on…

The Economic Times

Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27

Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth management and credit card services in the latter half of the current fiscal year. Development of cash management services for corporate clients is also underway. These initiatives aim…

The Economic Times

Generali Central Life Insurance aims to double business to Rs 2,000 cr in 3 years

Generali Central Life Insurance plans to double its business to Rs 2,000 crore in three years. The company will leverage its partnership with Central Bank of India and agency networks. New product launches are also planned. An AI-driven platform, Digital Smart Manager, will assist customers and advisors. The insurer recently…

The Economic Times

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Central Bank of India well-positioned to surpass Rs 5,000 cr profit in FY27: MD Kalyan Kumar

Central Bank of India targets Rs 5,000 crore annual profit during this fiscal year. A new tax regime offers a significant boost. The bank plans 150 new branches and hiring 1,400 employees. Customer centricity, HR transformation, and technology are key drivers. Enhanced cybersecurity builds customer trust. These steps position the…

The Economic Times

Govt to sell additional 4% stake in Central Bank of India after OFS subscribed 2.36 times; retail bidding opens on Monday

The Indian government is selling more shares of Central Bank of India. Investor demand was strong, leading to an increase in the stake sale from 4% to 8%. This move aims to boost the bank's stock liquidity and meet public shareholding rules. The offer for sale is currently underway, with…

The Economic Times

Central Bank of India OFS: Govt to sell up to 8% stake in lender. Check key details

The Indian government is selling a stake in Central Bank of India. This offer for sale aims to raise over Rs 2,200 crore. The sale opens for institutional investors on May 22 and for retail investors on May 25. The government has set a floor price of Rs 31 per…

The Economic Times

Central Bank of India to open 150 branches, recruit about 1,400 officers in FY27: MD

Central Bank of India is planning a major nationwide expansion with the opening of 150 new branches across India. To support its growth strategy, the public sector lender will recruit around 1,400 employees, including new officers, while also strengthening operations across its subsidiaries. The move is aimed at enhancing customer…

The Economic Times

Central Bank to launch GIFT city branch next month: MD

Central Bank of India is set to launch its IFSC Banking Unit at GIFT City next month with an aim to expand its international banking operations. The bank will offer specialised services and access to international financial markets for corporate clients.

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a…

The Economic Times

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The Hindu

Viksit Bharat Sankalp Yatra ensures public participation in development: V. Muraleedharan

Viksit Bharat Sankalp Yatra ensures public participation in India's development, with 2.5 crore people reached so far.

The Times of India

Textile tycoon Neeraj Saluja gets bail in Rs 1,530 crore bank fraud case

LUDHIANA: Textile tycoon Neeraj Saluja has been granted bail by the Punjab and Haryana high court on Wednesday.\

The Times of India

ED attaches properties worth Rs 828 cr in SEL Textiles's Rs 1530 cr bank fraud case in Ludhiana

LUDHIANA: In a big development related to the case of Rs 1,530 crore bank fraud committed by SEL Textiles Limited Ludhiana, Directorate of Enforcement (ED) Zonal Office Jalandhar has attached properties worth Rs 828 crores belonging to the company.

The Times of India

RBI removes Central Bank of India from corrective action list

MUMBAI: The Reserve Bank on Tuesday said Central Bank of India has been removed from the Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms.

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The Times of India

Four men take away Rs 6 lakh after cutting open ATM in South West Delhi

NEW DELHI: Thieves decamped with over Rs 6 lakh from an ATM in southwest Delhi's Mitraun village on Friday. Four men broke into a Central Bank of India ATM in and took away the cash after cutting open the machine with gas cutters and other equipment, police said. An FIR…

The Times of India

Kanpur: Bank releases Rs 2.64 crore compensation to victims

KANPUR: In a major relief, the Central Bank of India on Monday released a compensation of Rs 2.64 crore to the 11 victims of the locker theft incident of Mall road Karachi Khana branch of Kanpur.

The Hindu

Talwar cars booked for cheating Central Bank of India

Talwar Cars Private Limited was booked by Hyderabad city police for allegedly cheating the Central Bank of India.

The Times of India

Bank heist in Jaipur: No success yet, hunt on for suspects

JAIPUR: A day after two armed robbers stormed into the Chomu House branch of the Central Bank of India and fled on a scooter after looting Rs 15 lakh from the vault room, the police have quizzed multiple suspects but the accused remains at large.

The Times of India

In daylight robbery, armed men loot Rs 15 lakh from Jaipur bank

JAIPUR: Two armed robbers stormed into the Chomu House branch of the Central Bank of India and fled on an employee's scooter after stealing Rs 15 lakh from the vault room, minutes after the bank opened on Tuesday morning.

The Times of India

Miscreants loot Rs 15 lakh from bank in Rajasthan's Jaipur

JAIPUR: Unidentified miscreants robbed Rs 15 lakh at gunpoint from a bank in broad daylight here on Tuesday, police said. The two accused, who were wearing masks, entered the Central Bank of India near Chomu House here as soon as it opened, held the employees captive and looted Rs 15…

The Hindu

Subba Rao is new Field GM of Central Bank of India

K.S.N.V. Subba Rao has been appointed the new Field General Manager of Central Bank of India, Hyderabad Zone, which covers Telangana, Andhra Pradesh and Karnataka through a network of 332 branches and

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