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Central Bank of India will need capital to the tune of Rs 1,200 crore to fund its growth needs this year. The bank aims to achieve 20 per cent credit growth in 2012-13.
According to Chairman and Managing Director M. V. Tanksale, the bank will approach the Centre for infusion of Rs 700 crore this year.
“We will need Rs 1,200 crore worth of capital. We will be requesting the Government to infuse Rs 700 crore and the rest will be by way of internal accruals. We also have headroom in Tier-II for raising capital,” Tanksale told newspersons on the sidelines of a banking conclave organised by the Federation of Indian Chambers of Commerce and Industry here on Friday.
According to Chairman and Managing Director M. V. Tanksale, the bank will approach the Centre for infusion of Rs 700 crore this year.
“We will need Rs 1,200 crore worth of capital. We will be requesting the Government to infuse Rs 700 crore and the rest will be by way of internal accruals. We also have headroom in Tier-II for raising capital,” Tanksale told newspersons on the sidelines of a banking conclave organised by the Federation of Indian Chambers of Commerce and Industry here on Friday.
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