Outcome of Committee Meeting held on March 27, 2025
As filed · Central Bank of India has informed the Exchange regarding Outcome of Committee Meeting held on March 27, 2025.
What happened
FactCentral Bank of India has informed the Exchange regarding Outcome of Committee Meeting held on March 27, 2025. Issue, the Capital Raising Committee of the Bank has, at its meeting today, i.e. amounting to ₹ 42.62 per Equity Share (4.99% of the floor price), as permitted in terms of.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
Revisedquarter-on-quarter growth will be approximately 3%.
retail will grow by approximately 23.9%, Agriculture will grow by 21% and MSME will grow by 18%.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
- our intention our endeavour is that going forward in the seven quarters we should end up doing the entire prov (management committed by Q4 FY27)
- We are sure that in coming year, Bank will reduce cost-to-income ratio by 1.5% to 1.6%. (management committed by FY27)
Evidence
- Central Bank of India has informed the Exchange regarding Outcome of Committee Meeting held on March 27, 2025.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%