Bank's Rs 65-crore public issue before September
21 May 2003
Centurion Bank expects its proposed Rs 65-crore rights-cum-public
issue to hit the stock markets by the third quarter of
the current financial year, says Centurion Bank chairman
and managing director V Janakiraman.
the capital adequacy ratio of the bank is likely to be
10 per cent, he says. However, he does not detail the
current figures citing regulatory restrictions.
recapitalisation plan for the bank is currently proceeding
as per schedule, he says. The merger of Bank Muscat and
Centurion will take effect as soon as the Goa Bench of
the Mumbai High Court approves of it, he adds.
bank, which has a gross non-performing asset base close
240 crore and a net non-performing asset of Rs 110 crore,
expects to report its operational profit for its fourth
quarter of the last fiscal, Janakiraman says.
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