Central Bank of India — Important, 08-07-2025: Updates

Central Bank of India has announced a board meeting to approve the financial results for the quarter and half-year. Key corporate actions include approval of Shri Manoranjan Dash as RBI Nominee Director and re-appointment of Shri Pradip P. Khimani as Part-time Non-Official Director. The bank plans to raise up to ₹5000 crore in equity capital via QIP, FPO, or Rights issue to support 10-12% business growth and maintain strong capital adequacy (17.02% CRAR as of Mar 31, 2025). The fresh capital will be used for general banking purposes. Secretarial Audit for FY 2025-26 to FY 2029-30 is proposed to be entrusted to M/s Ragini Chokshi & Co.