Central Bank of India receives ratings action from CRISIL

Central Bank of India has revised its ratings outlook on the tier-II and tier-I bonds (under Basel III) of Central Bank of India (Central Bank) to Positive' from Stable' while reaffirming the ratings at CRISIL AA-/CRISIL A+'. The rating on the certificate of deposits programme has been reaffirmed at CRISIL A1+'.

CRISIL Ratings has also withdrawn its rating on Rs 1,100 crore of lower Tier-II bonds (under Basel II) and Rs 500 crore of Tier II bonds (under Basel III) on the bank's request as the outstanding against the same is nil.

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