Shares of Central Bank of India fell as much as 9 per cent to Rs 25.05, a record low.
The public sector lender posted a March-quarter loss of Rs 2,477 crore compared to a loss of Rs 2,114 crore last year ($352.35 million) on Wednesday, while provisions and contingencies rose by 19.2 per cent.
About 3,89,640 shares changed hands in early trading hours, compared with the 30-day average of 6,89,297 shares.
The shares are down ~25 per cent this year, while its peer Bank of Baroda Ltd is lower by 9.3 per cent, while Punjab National Bank has risen 5.4 per cent as of last close.
Published on May 16, 2019
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