Central Bank of India has submitted its mandatory security cover certificate for the quarter ended March 31, 2026, to the National Stock Exchange and BSE Limited. The submission, dated April 30, 2026, fulfills the bank's compliance obligations under SEBI LODR Regulation 54(2) and related circulars.

Outstanding Debt Securities Portfolio

The bank's current portfolio of listed debt securities comprises unsecured instruments issued through private placement. The security cover certificate encompasses the following debt securities:

Audit Certification and Compliance

ADB & Company, Chartered Accountants (FRN: 005593C), conducted the independent audit and certification process. CA Arun Kumar Agrawal, Partner (Membership No. 409937), signed the certificate on April 30, 2026, confirming the bank's adherence to regulatory requirements.

The auditors performed comprehensive verification procedures including:

• Examination of terms and covenants of listed debt securities
• Verification of figures from unaudited financial statements for Q4 FY26
• Review of SEBI circular compliance regarding security coverage ratio
• Assessment of covenant compliance as per offer documents and debenture trust deeds

Security Cover Analysis

The audit revealed that Central Bank of India maintains no security cover arrangements for its outstanding debt securities. The comprehensive security cover analysis showed:

All outstanding listed non-convertible debt securities issued by the bank are of unsecured nature, with no assets pledged as collateral or security cover.

Regulatory Compliance Status

The certificate confirms full compliance with all regulatory requirements under SEBI LODR Regulations 2015. The bank has adhered to all covenants and terms mentioned in the offer document, information memorandum, and debenture trust deed for the quarter ended March 31, 2026.

The auditors reported no instances of covenant breaches or non-compliance during the review period. The certificate has been issued specifically for submission to stock exchanges and debenture trustees, maintaining the bank's regulatory compliance status.

Basel III Compliance Framework

The security cover certificate aligns with Reserve Bank of India directions under RBI/DOR/2025-26/151 DOR.CAP.REC.70/21-01-002/2025-26 dated November 28, 2025, for Basel III compliant bonds. The certificate maintains compliance with prudential norms on capital adequacy while preserving the seniority and terms of the debt instruments as originally issued.

Central Bank of India has announced plans to discuss capital raising strategies for the financial year 2026-27, exploring multiple funding avenues to strengthen its capital position. The public sector bank is considering various options to meet its future capital requirements and maintain regulatory compliance.

Capital Raising Options Under Consideration

The bank has identified several potential mechanisms for raising capital, providing flexibility in its funding approach:

Strategic Capital Planning

The announcement reflects the bank's forward-looking approach to capital management and regulatory preparedness. By planning capital raising activities well in advance, Central Bank of India demonstrates prudent financial planning and commitment to maintaining adequate capital ratios.

The consideration of multiple funding options provides the bank with strategic flexibility to choose the most appropriate mechanism based on prevailing market conditions, investor appetite, and regulatory requirements when the actual capital raising is implemented.

Market Implications

This proactive capital planning approach positions the bank to support future business growth while ensuring compliance with regulatory capital norms. The early announcement allows stakeholders to prepare for potential participation in the chosen funding mechanism when it materializes in FY 2026-27.