Central Bank of India is currently trading at Rs 53.05, up by 0.60 points or 1.14% from its previous closing of Rs 52.45 on the BSE.The scrip opened at Rs 52.95 and has touched a high and low of Rs 53.40 and Rs 52.60 respectively. So far 31620 shares were traded on the counter.The BSE group A stock of face value Rs 10 has touched a 52 week high of Rs 95.60 on 09-Jan-2013 and a 52 week low of Rs 48.90 on 28-Aug-2013.Last one week high and low of the scrip stood at Rs 54.30 and Rs 51.75 respectively. The current market cap of the company is Rs 5525.81 crore.The promoters holding in the company stood at 85.31% while Institutions and Non-Institutions held 9.28% and 5.42% respectively.Public-sector bank, Central Bank of India has reportedly signed a memorandum of understanding (MoU) with NCDEX Spot Exchange (NSPOT) to cater the needs of the farmers, agri processors and market participants in Andhra Pradesh and Karnataka. Under this agreement, the bank will give loan against agri-commodities as collateral to farmers and processors in Andhra Pradesh and Karnataka. Central Bank of India is the first Bank to provide this type of facility to the farmers in these two States.As per the agreement, customers keen to avail this facility will have to deposit their goods in NSPOT accredited warehouse and the banks would provide loans against the deposited goods. When the goods are sold, the proceeds directly go to the banks. After retaining their share of liability the remaining amount is transfer to the farmers account.Central Bank of India has been serving more than 3,50,00,000 account holders through its 4,118 branches, 6 extension counters, 29 Satellite offices, 1,970 ATMs and 2,413 ultra small branches (USBs).
Posted on: Mon, 21 Oct 2013 14:33:19 +0000
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