Breaking News

You are here » Indian-Commodity  :  Top News  :  Central Bank of India opens subscription for 'Sovereign Gold Bonds 2016'


Central Bank of India opens subscription for 'Sovereign Gold Bonds 2016'

Central Bank of India has opened subscription for the Sovereign Gold Bonds 2016 - Series II with effect from September 01 to September 09, 2016 as per the Notification Issued by Government of India. The terms and conditions for the issuance and sale of the Bonds for Resident Indian Entities will be available with all the branches of the bank.

The bank has posted a net loss of Rs 599.81 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 203.60 crore for the same quarter in the previous year. Total income of the bank decreased by 6.15% to Rs 6662.68 crore for the quarter under review from Rs 7098.99 crore for the corresponding quarter of the previous year.

The bank's gross NPA for the April-June quarter of the current fiscal increased to 13.52%, as compared to 6.70% in the same quarter of the previous year. Besides, bank's Net NPA stood at 8.17% in Q1FY17.

Related News

View all news

Crude oil futures settle higher on Thursday

Extending gains for second straight session, crude oil futures settled higher on Thursday, despite official data from the Energy Information Administration (EIA) showing a bigger than expected increase......

Gold futures settle higher on weak dollar

Gold futures settled higher on Wednesday, rebounding from previous session's lowest finish. The yellow metal marked biggest one-day gain in nearly two weeks, as the dollar eased by 0.2 percent after hitting......

Copper futures end higher on Wednesday

Copper futures ended higher on Wednesday. Meanwhile, base metals on London Metal Exchange held steady as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment......

Top News

View all news

Karnataka Bank launches CASA campaign

Karnataka Bank has launched Current & Savings Accounts campaign (CASA) of FY 2018-19 and introduced a new SB scheme 'KBL SB - TASC' a specialized product for Trusts/Associates/Societies/Clubs.Under......

M&M's arm opens manufacturing hub in Bengaluru

Mahindra & Mahindra's (M&M) subsidiary -- Mahindra Electric Mobility has opened its electric technology manufacturing hub set up with an investment of Rs 100 crore in Bengaluru. The plant......

Venus Remedies reports positive result in Phase-3 Clinical Trials for ELORES

Venus Remedies has reported positive Top-Line results in its Phase-3 Clinical Trials for its flagship product ELORES. The results were presented at IDWeek 2018 in San Francisco. IDWeek is an annual scientific......