NSEGeneral Updates6d ago · 8 Oct 2026, 03:05 pm
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Central Bank of India · CENTRALBK
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Central Bank of India has informed the Exchange about Intimation of withdrawal of Credit Rating by India Rating & Research Private Limited.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10
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Full Announcement
Central Bank of India has informed the Exchange about Intimation of withdrawal of Credit Rating
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CENTRALBK_08102026150437_Final_SE_India_Ratings.pdf
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कें द्रीय कायाालय INVESTORS RELATION DIVISION Central Office
CO:IRD:2026:27:175 Date: 08.10.2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C orporate Relationship Dept.,
Plot No. C/1, ‘G’ Block, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Dalal Street, Fort,
Bandra (E), Mumbai-400 051 Mumbai-400001
Scrip code – CENTRALBK Scrip Code – 532885
Dear Sir/Madam,
Sub: Intimation about withdrawal of Credit Rating.
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform that at the request of the
Bank, India Rating & Research Private Limited has withdrawn its rating on the following securities of
Bank w.e.f. 08th October, 2026.
Sr Type of Instrument Size of Issue Rating Action
No. (Amt. in crore)
1 Long-Term Issuer Rating - Withdrawn
2 Proposed Basel III Tier II ₹1000 Withdrawn
Bonds
Note: ₹1000 Crore is un-utilised.
A copy of Press Release dated 08th October, 2026 issued by rating agency is enclosed herewith.
The above information will also be made available on Bank’s website i.e.
https://centralbank.bank.in/en/investor-relations
We request you to take the above on record.
Thanking you.
Yours faithfully,
For CENTRAL BANK OF INDIA
CHANDRAKANT BHAGWAT
Company Secretary & Compliance Officer
Encl.: As above.
Central Office: Chander Mukhi, Nariman Point, Mumbai - 400 021 ईमेल/Email ID: smird@centralbank.bank.in
Follow us on Central Bank of India
www.centralbank.bank.in
India Ratings Withdraws Central Bank of India's Ratings
Oct 08, 2026 | Central Bank of India | Public Sector Bank
India Ratings and Research (Ind-Ra) has withdrawn Central Bank of India’s ratings as follows:
Details of Instruments
Instrument Regulator of Date of Coupon Maturity Size of Issue Rating Assigned along Rating
Description Instrument Issuance Rate (%) Date (INR million) with Watch/Outlook Action
Basel III Tier- SEBI 10,000 WD Withdrawn
II bonds*
Issuer rating # - WD Withdrawn
# There is no instrument being rated and hence, Regulator of the Instrument is not applicable. The rating scale and
definitions are being followed as stipulated in SEBI Master Circular for CRAs.
* Unutilized
WD – Rating withdrawn
Analytical Approach
Not applicable
Detailed Rationale of the Rating Action
Ind-Ra is no longer required to maintain the issuer rating as it has received a withdrawal request from the issuer. Ind-Ra is
no longer required to maintain the rating on Tier – II Bonds following a request by issuer along with confirmation that the
proposed instrument as previously envisaged is no longer expected to be issued. This is consistent with Ind-Ra’s Policy on
Withdrawal of Ratings.
Any Other Information
Not applicable
ESG Issues
ESG Factors Minimally Relevant to Rating: Unless otherwise disclosed in this section, the ESG issues are credit neutral
or have only a minimal credit impact on CBOI, due to either their nature or the way in which they are being managed by the
entity. For more information on Ind-Ra’s ESG Relevance Disclosures, please click here. For answers to frequently asked
questions regarding ESG Relevance Disclosures and their impact on ratings, please click here.
About the Company
CBOI has a significant presence in rural and semi-urban areas, with about 65% of its branches located in these regions. At
1QFYE27, it had 4,605 branches and 3,820 ATMs in India.
Status of Non-Cooperation with Previous Rating Agency
Not applicable
Rating History
Current Rating/Outlook Historical Rating/Outlook
Instrument
Type Rated Limits Current 22 December 23 December 10 December 11 December
Rating Type
(million) Rating 2025 2024 2024 2023
Issuer IND IND
Long-term - WD
Rating AA/Stable AA/Stable
Basel III INR10,000. IND IND IND IND
Long-term WD
Tier-II bonds 00 AA/Stable AA/Stable AA/Stable AA-/Positive
Disclosure on instruments / activities and names of regulators:
A list of products/activities or ratings of instruments falling under the purview of various financial sector regulators (FSRs)
along with the names of respective FSRs has been duly disclosed by Ind-Ra on its website. A link to the same has been
provided below for ready reference:
Rating Activities
Note: Kindly note that for activities or instruments falling under the purview of FSRs other than SEBI, the grievance/dispute
redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Complexity Level of the Instruments
Instrument Type Complexity Indicator
Basel III Tier-II bonds Low
For details on the complexity level of the instruments, please visit https://www.indiaratings.co.in/complexity-indicators.
Contact
Primary Analyst
Krushabh Naik
Analyst
India Ratings and Research Pvt Ltd
Wockhardt Towers, 4th Floor, West Wing, Bandra Kurla Complex, Bandra East,Mumbai - 400051
9664007482
For queries, please contact: infogrp@indiaratings.co.in
Secondary Analyst
Ankit Jain
Associate Director
+91 22 4035 6160
Media Relation
Ameya Bodkhe
Marketing Manager
+91 22 40356121
About India Ratings
India Ratings and Research (Ind-Ra) is India's SEBI registered credit rating agency committed to providing India's credit
markets accurate, timely and prospective credit opinions. Built on a foundation of independent thinking, rigorous analytics,
and an open and balanced approach towards credit research, Ind-Ra has grown rapidly during the past decade, gaining
significant market presence in India's fixed income market.
Ind-Ra currently maintains coverage of corporate issuers, financial institutions (including banks and insurance companies),
finance companies, urban local bodies, and structured finance and project finance companies.
Headquartered in Mumbai, Ind-Ra has seven branch offices located in Ahmedabad, Bengaluru, Chennai, Gurugram,
Hyderabad, Kolkata and Pune. Ind-Ra is recognised by the Securities and Exchange Board of India and the Reserve Bank
of India.
Ind-Ra is a 100% owned subsidiary of the Fitch Group.
Solicitation Disclosures
Additional information is available at www.indiaratings.co.in. The ratings above were solicited by the issuer, and therefore,
India Ratings has been compensated for the provision of the ratings.
Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold
any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or
any issuer.
APPLICABLE CRITERIA AND POLICIES
Financial Institutions Rating Criteria
Rating Bank Subordinated and Hybrid Securities
The Rating Process
Evaluating Corporate Governance
DISCLAIMER
India Ratings and Research Private Limited (India Ratings) is a private limited company registered under the provisions of the Companies Act,
1956, having CIN U67100MH199SFTC140049, and registered office at Wockhardt Towers, 4th Floor, West Wing, Bandra Kurla Complex,
Bandra East, Mumbai, Maharashtra, 400051, India. The contact details of India Ratings are Telephone No.: +91 22 4000 1700 and Fax. No.:
+91 22 4000 1701. India Ratings is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency under Section
12 of the SEBI Act, 1992, having SEBI Registration Number IN/CRA/002/1999.
India Ratings and Research Private Limited (India Ratings) is a Credit Rating Agency registered with the Securities and Exchange Board of
India (SEBI) under Section 12 of the SEBI Act, 1992. In this capacity, India Ratings undertakes ratings of listed and proposed to be listed
instruments that fall under the regulatory oversight of SEBI. In addition, in line with Regulation 9(f) of the SEBI (Credit Rating Agencies)
Regulation, 1999, India Ratings rates financial instruments falling under the purview of other financial sector regulators (FSR). Instruments
which come under the purview of other FSRs do not come under the overall governance of SEBI. Issuers/Users/readers of this
communication/report are, therefore, cautioned to know the risks involved in dealing in such instruments. Such instruments can carry Liquidity
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