Central Bank Of India Chhattisgarh IFSC code, MICR code, Address
Central Bank Of India branch details in Chhattisgarh
Last Updated 21st Mar 2017
Central Bank Of India has 130 branches in Chhattisgarh spread over 19 districts of Balod, Baloda Bazar, Balrampur, Bastar, Bemetara, Bijapur, Bilaspur, Dantewada, Dhamtari, Durg, Gariaband, Janjgir Champa, Jashpur, Kabirdham, Kanker, Kondagaon, Korba, Korea, Mahasamund, Mungeli, Narayanpur, Raigarh, Raipur, Rajnandgaon, Sukma, Surajpur, Surguja.
Surguja district, with 30 branches has the largest number of Central Bank Of India branches in Chhattisgarh followed by Raipur district with 25 branches and Korea district with 19.
District wise distribution of Central Bank Of India branches in Chhattisgarh is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
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.
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.
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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