Central Bank of India (CBI), a state-owned commercial bank, plans to shut 13% of its branches to improve its financial health, which has been under pressure for several years. As CBI is still under PCA (Prompt Corrective Action). Let’s deep dive into more about this report in this article as we move ahead.
Shutting down of Branches by CBI:
What Should Investors Do?
Normally Indian banks do not get bankrupt as any other bank saved them but this should act as an example if the bank is not performing well then it should be shut down it may be wrong with the depositor but the depositor should also know their bank’s strength. This is a bitter truth that we need to understand that saving banks by merging or privatizing isn’t the solution.
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Originally Published On:https://blog.investyadnya.in/central-bank-of-india-is-set-to-close-13-of-its-branches-is-it-a-worrisome-situation-for-the-shareholders%ef%bf%bc/