New Delhi, July 27 (IANS) The government has realised an amount of Rs 26,639.33 crore during the current financial year (as on July 22), which includes Rs 20,272.40 crore from disinvestment through Offer for Sale (OFS) of Central Bank of India, Coal India Ltd, NHPC Limited, NLC India Limited, General Insurance Corporation of India, Indian Railway Finance Corporation Ltd and Cochin Shipyard Ltd, and another Rs 6,366.93 crore from asset monetisation, the Parliament was informed on Monday.Fixing se…
Latest Central Bank of India News & Updates
Mumbai, July 17 (IANS) Central Bank of India on Friday reported a 13.3 per cent year-on-year increase in its net profit for the first quarter (Q1 FY27), driven by healthy growth in net interest income and lower provisions, even as its operating profit declined during the quarter.The state-owned lender posted a net profit of Rs 1,324 crore for the April-June quarter, compared to Rs 1,169 crore in the corresponding period of the previous financial year (Q1 FY26), according to its stock exchange fi…
Patna, July 3 (IANS) The prime accused in a recent Customer Service Point (CSP) robbery case was arrested after an encounter with police late on Thursday night near an orchard in Revasi village, under the Riga police station limits of Bihar’s Sitamarhi district.The accused, Phekan Kumar, allegedly opened fire on the police team while attempting to evade arrest.In retaliatory firing by the police, he sustained a bullet injury to his leg and was taken into custody.He was initially admitted to Sa…
Patna, July 1 (IANS) Three armed miscreants allegedly looted around Rs 1.70 lakh from a Customer Service Point (CSP) of the Central Bank of India in broad daylight in Bihar’s Sitamarhi district on Wednesday.The incident occurred in the Riga police station area and was captured on CCTV cameras, police said.According to the police, the robbery took place at the Central Bank CSP in Anhadi village under the Riga police station limits.The CSP operator, Rajeshwar Thakur, was inside his shop when three…
Jammu, June 30 (IANS) A Special CBI Court in Jammu sentenced a former senior manager of Central Bank of India and another convict to one year imprisonment with a fine of Rs 20,000 each in a housing loan fraud, said an official on Tuesday. Rajinder Koul, Senior Manager, Central Bank of India (now dismissed from service) and private person Sham Sunder Aggarwal were booked by the federal probe agency for irregularities in disbursement of housing loans, the CBI said.Koul was posted at Central Bank o…
Chennai, June 30 (IANS) A special Central Bureau of Investigation (CBI) court in Chennai sentenced a former senior bank official, and a private company chief to seven years of rigorous imprisonment in a bank fraud case involving the fraudulent sanction and disbursement of housing loans that caused a loss of more than Rs 5.29 crore to, a public sector bank, Central Bank of India, the agency said on Tuesday.The court also slapped a fine on the private firm in connection with the case.The court on …
New Delhi, June 25 (IANS) The government has raised more than Rs 25,000 crore so far this year through stake sales in public sector undertakings (PSUs) via the Offer for Sale (OFS) route, which is highest such fundraising exercise in over a decade, according to market data.The data — compiled by Prime Database — showed that the Centre mobilised around Rs 25,491 crore by diluting stakes in eight listed PSUs during 2026, the highest amount raised through PSU OFS issues since 2015, when about Rs …
Hyderabad, June 24 (IANS) The Cyber Crime Police of Hyderabad arrested six individuals in connection with a Rs 1.22 crore investment trading fraud. Investigations revealed the operation of a network of mule bank accounts used to route cybercrime proceeds. The accounts were allegedly utilised for online trading and money laundering activities.The arrests mark a significant step in disrupting financial networks supporting cyber fraud, the police said on Wednesday.Three of the accused are residents…
New Delhi, June 22 (IANS) The government on Monday trashed reports that it was planning an offer for sale of shares in Cochin Shipyard Ltd as part of the disinvestment programme. “No stake sale is planned in Cochin Shipyard at present,” a Finance Ministry official said, The clarification came after media reports, citing sources, said the Centre was considering an offer for sale (OFS) of a 6 per cent to 8 per cent stake in Cochin Shipyard. The reports said the transaction could raise more than Rs…
Surguja (Chhattisgarh), May 25 (IANS) A video showing a woman carrying her 90-year-old mother-in-law on her back in Chhattisgarh’s Surguja district has gone viral on social media, drawing widespread attention and criticism over the difficulties faced by elderly pensioners in accessing welfare benefits. The woman, identified as Sukhmaniya, said on Monday that she was forced to carry her elderly mother-in-law for nearly three kilometres in extreme heat after bank officials allegedly insisted tha…