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Central Bank of India ( (IN:CENTRALBK) ) just unveiled an announcement.
India Ratings & Research has reaffirmed Central Bank of India’s long-term issuer rating at ‘IND AA’ with a Stable outlook, indicating continued confidence in the bank’s credit profile. The agency also reaffirmed the ‘IND AA/Stable’ rating on the bank’s proposed Basel III-compliant Tier II bonds, with Rs 1,000 crore of this bond programme still unutilised, underscoring the bank’s maintained access to capital markets and stable standing with credit rating agencies, which is important for its future fundraising and cost of capital.
More about Central Bank of India
Central Bank of India is a public sector bank headquartered in Mumbai, operating in the Indian banking and financial services industry. It offers a broad range of products including deposits, loans, and investment-related services to retail, corporate, and institutional clients, and raises capital through instruments such as Basel III-compliant Tier II bonds to support its regulatory capital and growth plans.
Average Trading Volume: 694,240
Technical Sentiment Signal: Strong Sell
Current Market Cap: 332.2B INR
For an in-depth examination of CENTRALBK stock, go to TipRanks’ Overview page.