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India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say By Reuters - Investing.com
India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say By ReutersInvesting.com
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 share.
Government to sell 8% stake in Central Bank of India via OFS; check floor price, key dates and other details - Mint
Government to sell 8% stake in Central Bank of India via OFS; check floor price, key dates and other detailsMint
Govt to offload up to 8% stake in Central Bank of India through OFS
The government will begin an offer for sale in the Central Bank of India on Friday, with a base offer of 4 per cent stake and an additional 4 per cent green shoe option
Government to offload stake in Central Bank of India through an Offer For Sale; Details Here
At the end of the March quarter, the Centre held 89.27% stake in the bank, as per data available on the stock exchanges. Public shareholders held 10.73% stake in the lender. Of these, retail investors or those with authorised share capital of up to ₹2 lakh held up to 3.42% stake.
Central Bank Of India Stake Sale: Govt To Disinvest 4% Equity Via OFS, Floor Price Set At Rs 31/Share
Central Bank Of India OFS will open for retail investors on May 25.
Govt sets ₹31 floor price for Central Bank OFS - scanx.trade
Govt sets ₹31 floor price for Central Bank OFSscanx.trade
Central Bank of India 'blessed' with liquidity, now we are building the capability to deploy it better: CMD Kalyan Kumar
Central Bank of India is set to expand its services with new initiatives including launching credit cards and a wealth management business. The bank will also open a branch in Gift City. These moves aim to drive business growth and strengthen its market position. The bank is focusing on capability building and enhancing digital platforms to attract and retain corporate clients.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
INR recovers from historic lows as oil pulls back; RBI announces $5 billion US Dollar/INR swap auction to defend rupee
The Indian rupee recovered well in opening trades on Thursday as global investors noted a slight pullback in crude oil prices over the recent comments on a potential final stage of the US-Iran conflict. INR opened at Rs 96.25 per dollar and hit a high of 96.05 so far during the day. Yesterday, the counter ended near the next critical level of 96.86, a new historic low. Meanwhile, in a major structural intervention to stabilise domestic financial markets, the Reserve Bank of India (RBI) has announced a $5 billion USD/INR buy-sell swap auction. Scheduled to take place next week on Tuesday, May 26, the central banks move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system. The Indian Rupee has faced persistent downward pressure, depreciating significantly against the American greenback in recent weeks due to ongoing global macroeconomic uncertainties and shifting foreign capital flows. By deploying this specialised monetary tool, ...
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 outreach, improving banking services, and accelerating business growth in key markets.
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.