trending Market Intelligence /marketintelligence/en/news-insights/trending/b7RaJTzRBbEhUJp0DeSw1g2 content esgSubNav
In This List

Central Bank of India to raise 20B rupees over next 2 months to boost capital

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Central Bank of India to raise 20B rupees over next 2 months to boost capital

Central Bank of India plans to raise 20 billion Indian rupees over the next two months in a rights issue or follow-on public offer to further replenish its capital, Mint reported Aug. 20, citing the bank's managing director and CEO Pallav Mohapatra.

The bank will also introduce few retail products with interest rates linking to an external benchmark within a month amid the central bank's push for faster transmission of rate cuts, the report noted.

As of Aug. 20, US$1 was equivalent to 71.54 Indian rupees.