Moneycontrol.com >> Messageboard >> Stocks >> Central Bank >> Recapitalisation package of Rs.700 crores to be given to Central Bank of India on 19th Nov 2009...recommend a strong buy at CMP.....Buy Buy Buy

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The winter session of Parliament will begin from November 19.

As it is, Rs 2,700 crore have been proposed in the 2009-10 Budget for recapitalisation of the four public sector banks.

Of this, Rs 2,150 crore would be given for the recapitalisation package for three public sector banks:

UCO Bank, Central Bank of India and Vijaya Bank.

UCO Bank is expected to get Rs 750 crore, while Central Bank of India and Vijaya Bank will receive Rs 700 crore each.

Out of these three banks Cental Bank of India is the best Bank in all regards after due comparison...

I recommend investors to buy at current levels of Rs.158 - 163 for a target of Rs.200 in the near term and Rs.350 in the long term...

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3.07 PM Nov 20th 2009 | Track