Central Bank of India shareholders clear ₹7,000 crore equity raise, back ₹1.20 per-share interim dividends for FY2526
Central Bank of India shareholders approved a plan to raise up to ₹7,000 crore in equity capital with 99.26% support, allowing the bank to use a QIP, FPO or rights issue. Investors also confirmed four interim dividends totaling ₹1.20 (12%) per equity share for FY2526, with 99.68% backing. The lender is a state-owned commercial bank, and the capital raise is aimed at strengthening its capital base and supporting business expansion.