Central Bank of India reports technical glitch in RTGS outward system
Central Bank of India reported results.
· ET Stocks, Economic Times Markets
Central Bank said that no customer suffered any financial loss on account of the incident. The lender has not attributed the disruption to a cyberattack and said the root cause is still under examination.
The analysis
Against that, the stock is +0.3% on the day at ₹30.88, and has returned -2.0% over three months. It sits 24% below its 52-week high. The banks sector has moved -3.1% over the same period, so Central Bank of India is running 1.1 points ahead of its peers.
For Central Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is CENTRALBK.
- Sector exposure: Banks, Financial Services.
- The immediate tone of coverage reads negative.
In this story
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