Central Bank of India shares in focus as bank classifies

 Central Bank of India shares in focus as bank classifies Go First loans as NPAs Shares of Central Bank of India Ltd, which fell 9 per cent on Monday, would be in focus today amid reports that suggested the public sector bank has categorised its Rs 2,000 crore loans to Go First as non-performing assets (NPAs). As per the ET, against an exposure of Rs 2,000 crore, over Rs 600 crore is covered under the Emergency Credit Line Guarantee Scheme by the government. Central Bank of India, the ET report suggested, previously made provisions in the standard asset category on expectations of stress and future issues. With the corporate account now classified, the ET report suggested that the provision led to a write-back, resulting in a 100 per cent provision for that account. [Read more]( If you would prefer not receiving our emails, please [Click Here](