4th Annual General Meeting of Central Bank of India was held on 29-07-2011 at Sir Sorabji Pochkhanawala Bankers’ Training College, Vile Parle, Mumbai. Shareholders have declared total Dividend of Rs. 2.50/- per equity share i.e., 25% for Financial Year 2010-11, which also includes Interim Dividend of Rs. 1/- per equity share i.e. 10% already paid during the Financial year. Final Dividend of Rs. 1.50/- per equity share will also be paid on equity shares allotted pursuant to the Rights Issue of the Bank.
Shri M.V. Tanksale, Chairman and Managing Director, has narrated in detail the performance and affairs of the Bank on all parameters during the financial year 2010-11.
He also said that the Bank is in the centenary year and it is a great occasion to remember founder of the Bank Sir Sorabji Pochkhanawala. It is a contribution to the industry that Central Bank of India is completing a centenary year. Bank has registered the highest ever net profit of Rs. 1252 crores. CASA deposits recorded YoY growth of 17.14% and there was an addition of about Rs. 37,470/- crores in the Business during the year.
Growth in deposits on YoY basis was 12.01% while growth in advances on YoY basis was 19.63 %. He has also informed about the major awards and achievements, the Bank has received during the Financial Year 2010-11. He thanked stakeholders for their continued and unstinted support in the Bank’s endeavour.
SOURCE: https://www.centralbankofindia.co.in/upload/news/Press_Editors_Press_Release_agm_02.0811.pdf
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