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Indian government infuses 5.35B rupees of capital into Central Bank of India

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Indian government infuses 5.35B rupees of capital into Central Bank of India

Central Bank ofIndia said April 2 that it raised 5.35 billion rupees of through preferential allotmentof equity shares to the Indian government.

The bank also said its board on April 13 will consider and approveraising additional capital via the issuance and allotment of equity shares, whichcarry a face value of 10 rupees per share, to the Indian government on a preferentialbasis.

As of April 4, US$1 wasequivalent to 66.05 Indian rupees.