Central Bank of India Customer Review, Rating

Average Customer Rating
3.7/5  by 3 users
Interest Rate
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Post - Sales Service
Customer Reviews
, Mumbai
Reviewed on 13th Feb 16
5 / 5 stars
Central Bank of India Home Loan Availed in 12-Aug
, Hyderabad
Reviewed on 08th Oct 15
3.3 / 5 stars
Central Bank of India Home Loan Rate
Central Bank of India Home Loan Availed in
Availed home loan from Central Bank of India in 2014.Now the bank has reduced the rate which is satisfactory.However the bank may reduce the interest More
Reviewed on 17th Jul 14
2.8 / 5 stars
Central Bank of India Home Loan Availed in 14-Jun
My experience of a loan from Central Bank has been satisfactory. The rate has been stable. However, they can improve their customer service and reduce More
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News - Apr 2017
10th Apr 17 Central Bank of India customer wins Rs. 1 crore
A Central Bank of India customer has won a lucky prize of Rs. 1 crore under a government scheme to promote cashless transactions. The identity of the winner has not been made public. The lucky winner had made a transaction of Rs. 1,590 using the RuPay debit card, and his transaction number was selected for the first prize. PM Narendra Modi will felicitate the prize to the lucky winner on April 14, 2017.
09th Mar 17 Central Bank of India needs to raise funds of Rs. 6,500 crore in 2 years
A report by ICRA has stated that Central bank of India will need to raise funds of Rs. 6,500 during the next two years to meet its regulatory capital adequacy ratio. Analysts at ICRA have maintained a cautious outlook on the bank’s profitability and expect the bank’s financial performance too remain under pressure resulting in additional capital requirements to achieve the minimum capital adequacy level.
28th Feb 17 Central Bank of India raises Rs. 500 crore via bonds
Central Bank of India has raised funds of Rs. 500 crore via Basel III compliant tier II bonds on private placement basis. The non redeemable convertible debentures carry interest rate of 8.62 percent with the maturity period of 122 months. The bank plans to utilise the funds in strengthening their capital planning, performance and profitability.
01st Aug 16 Central Bank of India reduces MCLR by 0.05 percent
Central Bank of India has reduced its Marginal Cost Lending Rate (MCLR) by 0.05 percent or 5 basis points across maturities. This has reduced its one-year MCLR to 9.35 percent, from the current rate of 9.4 percent . The month MCLR is reduced to 9.3 percent and 3 month MCLR is reduced to 9.25 percent. Overnight MCLR has been reduced to 8.9 percent , while 1 month MCLR has remained same at 9.2 percent. The new MCLR is effective from August 1,2016. This rate cut of the bank will lead to lower interest rates on home loan, car loan, personal loan, etc, for loans taken under floating rate schemes. However, borrowers who have taken a loan at fixed rate, will not be benefitted by this reduction.
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