Central Bank of India (CENTRALBK)
₹30.88 +0.32% last close, 16 Oct
Q2 FY27 results
📅 Next results: 17 Oct 2026 (board meeting)Central Bank of India's board meets on 17 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Central Bank's net interest income was ₹3,932 Cr (+15.6% year on year, -2.2% on the previous quarter), and net profit ₹1,323 Cr (+3.2% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹3,932 | +15.6% | -2.2% |
| Operating profit | ₹2,196 | -5.1% | — |
| Net profit | ₹1,323 | +3.2% | +76.9% |
| EPS (₹) | 1.46 | +2.8% | +78.0% |
| Gross NPA | 2.61% | — | — |
CENTRALBK delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 40.65% of the CENTRALBK shares traded on NSE were taken to delivery, against the stock's own 20-session average of 48.47%. That is close to its usual level.
Delivery in the last 5 sessions: 42.8% · 38.3% · 30.6% · 36.8% · 40.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
CARE Ratings has reaffirmed Central Bank of India's 'CARE A1+' rating for its ₹20,000 crore Certificate of Deposit programme on October 7, 2026. The reaffirmation reflects strong support and 81.19% majority ownership by the Government of India, along with healthy capital adequacy (CAR of 18.28% as of June 30, 2026). CARE noted that the bank's gross advances grew ~19% in FY26 to ₹3,44,516 crore, with GNPA improving to 2.67% and NNPA to 0.49% as of March 31, 2026.
- CARE Ratings reaffirmed 'CARE A1+' rating for ₹20,000 crore Certificate of Deposits programme on October 7, 2026
- Capital Adequacy Ratio stood at 18.28% (CET-1/Tier-I at 16.54%) as of June 30, 2026, against 11.5% minimum regulatory requirement
- Gross advances reached ₹3,44,516 crore as on March 31, 2026, marking ~19% YoY growth
- Asset quality showed GNPA at 2.67% and NNPA at 0.49% as of March 31, 2026, with provision coverage ratio (PCR) at 81.86%
Central Bank of India has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate received from Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms that securities received for dematerialisation during the period were duly processed, confirmed to depositories, and listed on the exchanges. Additionally, physical certificates were verified, mutilated, and cancelled as per statutory timelines. This is a standard quarterly regulatory compliance filing with no impact on business operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI Depositories Regulations, 2018
- Covers the second quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 05, 2026
- Confirms mutilation and cancellation of dematerialised security certificates within prescribed timelines
Central Bank of India reported provisional business figures for Q2 FY27, with total business expanding 20.55% YoY to ₹8,89,621 crore as of September 30, 2026. Gross advances rose sharply by 29.83% YoY to ₹3,81,035 crore, including ₹8,093 crore in overseas IBU advances. Total deposits grew 14.43% YoY to ₹5,08,586 crore, outpaced by credit growth. Consequently, the CASA ratio compressed by 213 bps YoY to 44.70%, down from 46.83% in the year-ago period.
- Gross advances grew 29.83% YoY to ₹3,81,035 crore from ₹2,93,488 crore
- Total deposits increased 14.43% YoY to ₹5,08,586 crore from ₹4,44,450 crore
- CASA deposits expanded 9.21% YoY to ₹2,26,747 crore, while CASA ratio dropped 213 bps to 44.70%
- Total business reached ₹8,89,621 crore, up 20.55% YoY
- Overseas IBU advances stood at ₹8,093 crore
Central Bank of India shared an updated corporate presentation outlining its financial position as of June 30, 2026. For Q1 FY27 (Jun'26 quarter), the bank reported a net profit of ₹1,324 crore, up 13.26% YoY, and total global business of ₹8,33,320 crore (up 18.29% YoY). Asset quality remained stable with Net NPA at 0.49% and Gross NPA improving by 53 bps YoY to 2.60%. The presentation reiterates the bank's sustained turnaround since exiting the RBI Prompt Corrective Action (PCA) framework in 2022.
- Q1 FY27 net profit reached ₹1,324 crore, up 13.26% YoY from ₹1,169 crore in Q1 FY26
- Global business grew 18.29% YoY to ₹8,33,320 crore, with deposits at ₹4,78,972 crore and advances at ₹3,54,348 crore
- Asset quality maintained with Net NPA at 0.49% and Gross NPA reduced by 53 bps YoY to 2.60%
- Capital adequacy remains healthy with CRAR at 18.28% and CET-1 ratio at 16.54% as of June 2026
- CASA ratio stood at 46.61% of total deposits, supported by a network of 4,606 branches and 22,346 total touchpoints
Central Bank of India held a group analyst and investor meeting on September 28, 2026, in Mumbai. A total of 8 institutional participants attended, including Baroda BNP Paribas AMC, MIRAE Asset Mutual Fund, and Bandhan AMC. The bank confirmed that only publicly available information was discussed during the interaction, with no unpublished price-sensitive information shared.
- Meeting conducted on September 28, 2026, in Mumbai
- Attended by 8 institutional investors and research firms
- Only public domain information was discussed per bank disclosure
- Reference to prior intimation dated September 22, 2026
The Department of Financial Services, Ministry of Finance, has extended the tenure of Shri Mahendra Dohare as Executive Director of Central Bank of India. The extension is for a period of three years beyond his current term ending on October 8, 2026, or until further orders. This ensures continuity in the bank's top leadership as it targets 10-16% growth and expands its RAM loan portfolio.
- Tenure of Executive Director Shri Mahendra Dohare extended by 3 years
- Current term was scheduled to expire on 08.10.2026
- Notification issued by Department of Financial Services on 23rd September, 2026
- Extension holds for three years or until further orders, whichever is earlier
Central Bank of India has announced the launch of 'Bharat Connect for Business' in partnership with NPCI Bharat Bill Pay Ltd. (NBBL), unveiled at the Global Fintech Fest 2026. This platform offers an integrated digital ecosystem for B2B invoicing, payment collections, and settlements, with a focus on supporting MSMEs. The bank is the first Public Sector Bank to launch this offering. Financial terms, capital outlay, or direct revenue expectations from the initiative were not disclosed.
- Central Bank of India becomes the first Public Sector Bank to launch 'Bharat Connect for Business'
- Product launched in partnership with NPCI Bharat Bill Pay Ltd. (NBBL) on September 10, 2026
- Aimed at strengthening B2B invoice generation, collections, and settlement infrastructure for MSMEs
- Financial investment and fee revenue potential were not disclosed in the filing
Central Bank of India has received a strike notice from the United Forum of Bank Unions (UFBU), representing seven bank unions. The planned industrial actions are scheduled for 11th September 2026, 28th to 30th September 2026, and a continuous strike beginning 26th October 2026 over various demands. The bank noted that it is taking necessary steps to ensure smooth branch and office operations if the strike materializes.
- UFBU consisting of 7 constituent unions (AIBEA, AIBOC, BEFI, NCBE, AIBOA, INBEF, INBOC) served strike notice
- First strike date scheduled for 11th September 2026
- Three-day strike planned from 28th to 30th September 2026
- Indefinite/continuous strike called starting from 26th October 2026
Central Bank of India announced the promotion of Shri Jai Shankar Prasad as General Manager, Customer Care Department (CCD), effective September 1, 2026. Mr. Prasad has over 33 years of experience in the banking sector, having joined the bank in 1993, and previously served as Deputy General Manager of CCD. This is an internal administrative promotion with no financial outlay or impact on the bank's Rs 42,854 Cr TTM revenue base.
- Promotion of Shri Jai Shankar Prasad as General Manager, Customer Care Department
- Effective date of appointment is September 1, 2026 (HCM order dated September 3, 2026)
- Executive has over 33 years of total banking experience and joined the bank in 1993
- Previously served as Deputy General Manager in the same department (CCD)
Central Bank of India has announced that Shri Umesh Kumar Singh, General Manager, has ceased to be part of the Senior Management Personnel. The officer has been relieved from bank services effective August 28, 2026, consequent to opting for voluntary retirement. This disclosure is made pursuant to SEBI LODR Regulations 30 and 51, and represents routine executive attrition at the public sector lender.
- General Manager Shri Umesh Kumar Singh ceases to be Senior Management Personnel.
- Relieved from bank services effective August 28, 2026, upon voluntary retirement.
- Filing submitted under Regulation 30 and Regulation 51 of SEBI LODR Regulations, 2015.
Central Bank of India informed the exchanges that its management participated in one-on-one analyst/investor meetings on August 27, 2026. The interactions included a virtual session with Prescient Capital and a physical meeting with Aditya Birla Money Limited. The bank confirmed that only publicly available information was discussed during these interactions, with no unpublished price-sensitive information shared.
- Analyst/Investor meetings conducted on August 27, 2026
- One-on-one virtual interaction held with Prescient Capital
- One-on-one physical interaction held with Aditya Birla Money Limited
- Bank confirmed only publicly available information was discussed
Central Bank of India informed the stock exchanges that it conducted an Analyst/Investor Meet on August 20, 2026. The virtual one-on-one meeting was held with Systematix Group. The bank confirmed that only information already available in the public domain was discussed during the interaction.
- One-on-one investor meeting held on August 20, 2026
- Meeting participant: Systematix Group
- Mode of meeting: Virtual
- Only publicly available information was discussed during the interaction
CRISIL Ratings has upgraded Central Bank of India's Corporate Credit Rating and Tier II Bonds to AA+/Stable from AA/Stable. The rating for its proposed Tier I Bonds worth Rs 1,000 crore was also upgraded to AA/Stable from AA-/Stable. This upgrade reflects the bank's improving financial profile, supported by a TTM PAT of Rs 4,527 crore and a strong sovereign backing with 81.2% government ownership. The bank also reaffirmed its A1+ rating for Rs 10,000 crore in Certificates of Deposit.
- Corporate Credit Rating upgraded to AA+/Stable from AA/Stable on August 4, 2026
- Tier II Bonds (Basel III) upgraded to AA+/Stable from AA/Stable
- Proposed Tier I Bonds of Rs 1,000 crore upgraded to AA/Stable from AA-/Stable
- Reaffirmed A1+ rating for Rs 10,000 crore in Certificates of Deposit
- Bank maintains a significant sovereign moat with 81.2% promoter (GoI) holding
Central Bank of India has promoted Mr. Partha Sarathi K Naidu to General Manager - Strategy, effective August 1, 2026. Mr. Naidu, aged 58, is an internal veteran who joined the bank in 1991 and brings 34 years of banking experience. He previously served as Deputy General Manager (DGM) in the Strategy Department and has held leadership roles as Regional Head of Rajkot and Bangalore. This appointment comes as the bank focuses on a strategic shift toward a 65:35 RAM-to-Corporate loan ratio and manages a TTM PAT of Rs 4,527 Cr.
- Mr. Partha Sarathi K Naidu promoted to General Manager - Strategy effective August 1, 2026
- Appointee has 34 years of experience in the banking industry, having joined the bank in 1991
- Previously served as Deputy General Manager (DGM) of the Strategy Department at the Mumbai Central Office
- Bank is currently managing a TTM revenue of Rs 42,550 Cr and a net worth of Rs 38,470 Cr
Central Bank of India shareholders have approved a significant equity capital raise of up to ₹7,000 crore through various modes including QIP, FPO, or Rights Issue. This potential fundraise represents approximately 25% of the bank's current market capitalization of ₹28,039 crore, providing a substantial buffer for growth. The AGM also confirmed the appointment of Shri Kalyan Kumar as Managing Director and CEO, alongside other key board appointments. Additionally, shareholders ratified four interim dividends totaling ₹1.20 per share (12% of face value) for FY26.
- Approved raising equity capital up to ₹7,000 crore via QIP, FPO, or Rights Issue
- Confirmed 4 interim dividends totaling ₹1.20 per equity share for FY25-26
- Appointed Shri Kalyan Kumar as Managing Director and Chief Executive Officer
- Approved the extension of Shri M V Murali Krishna as Executive Director
- Adopted audited standalone and consolidated financial statements for the year ended March 31, 2026
Financial Performance
Revenue Growth by Segment
Total income grew 11.5% to INR 39,520 Cr in FY25 from INR 35,434 Cr in FY24. Interest income on advances rose 13.36% YoY to INR 22,339 Cr. Fee-based income for H1FY26 was INR 1,054 Cr, a slight decline of 0.57% YoY. Treasury income saw a significant decline of 52.55% YoY to INR 186 Cr in Q2FY26 compared to INR 392 Cr in Q2FY25.
Geographic Revenue Split
The bank operates a pan-India network of 4,556 branches and 4,174 ATMs as of September 2025. While specific regional revenue percentages are not disclosed, metropolitan cities account for 53.2% of total bank deposits as of March 2025, up from 50.9% in 2020.
Profitability Margins
Net Profit for FY25 was INR 3,785 Cr, up 48.5% from INR 2,549 Cr in FY24. Net Interest Margin (NIM) moderated to 3.05% in FY25 from 3.09% in FY24, further declining to 2.89% in Q2FY26 (a 52 bps YoY drop). Return on Assets (ROA) improved to 0.82% in FY25 from 0.60% in FY24.
EBITDA Margin
Operating profit was impacted by treasury income volatility, falling from INR 664 Cr to INR 186 Cr in a single quarter. Cost-to-Income ratio increased to 62.72% in Q2FY26 from 57.19% in Q2FY25, driven by a 339 bps increase in staff cost share and a 214 bps increase in other operating expenses.
Capital Expenditure
The bank raised INR 1,500 Cr through a Qualified Institutional Placement (QIP) in March 2025 to strengthen its capital base. Specific historical and planned physical CAPEX for branch infrastructure is not disclosed in INR Cr.
Credit Rating & Borrowing
The bank maintains a strong liquidity profile with a Liquidity Coverage Ratio (LCR) of 241.96% as of September 2025. Cost of deposits increased 21 bps YoY to 4.88% in Q2FY26. Capital Adequacy Ratio (CRAR) stood at 17.34% in H1FY26, well above the 11.5% regulatory requirement.
Operational Drivers
Raw Materials
Not applicable for banking; however, 'Cost of Funds' represents the primary input cost, which stood at 4.88% in Q2FY26, up 13 bps YoY.
Key Suppliers
Not applicable; however, the bank relies on a diversified retail deposit base of INR 4,44,450 Cr as of September 2025 for its lending operations.
Capacity Expansion
Current network includes 4,556 branches and 4,174 ATMs. The bank is expanding its digital footprint through its Supply Chain Finance (SCF) platform and co-lending partnerships which reached an outstanding loan book of INR 14,285.08 Cr by March 2025.
Raw Material Costs
Interest expenses on deposits and borrowings are the primary costs. Cost of deposits rose to 4.88% in Q2FY26. The bank utilizes a high roll-over rate of deposits (above 90%) to manage funding stability.
Manufacturing Efficiency
Not applicable; banking efficiency is measured by the Cost-to-Income ratio, which was 62.72% in Q2FY26, and Yield on Advances, which was 8.36% in Q2FY26 (down 41 bps YoY).
Logistics & Distribution
Distribution is handled through 4,556 physical branches and digital channels. Staff costs, a key distribution expense, represent 39.52% of the Cost-to-Income ratio.
Strategic Growth
Expected Growth Rate
10-16%
Growth Strategy
The bank is shifting its portfolio mix toward a 65:35 RAM-to-Corporate ratio. Growth is driven by co-lending partnerships (INR 14,285.08 Cr outstanding), the launch of a Supply Chain Finance (SCF) platform for vendor/dealer financing, and new MSME schemes like Cent MSE GIFT and Cent MSE SPICE. Strategic focus is on high-yield RAM segments which reached 71.54% of total advances by September 2025.
Products & Services
Home loans (63.32% of retail), MSME loans, Agriculture loans, Corporate Credit (working capital and digital invoice discounting), Mutual Funds (via Bandhan AMC), and Bancassurance.
Brand Portfolio
Central Bank of India, Centbank Home Finance Limited, Centbank Financial Services Limited, Cent MSE GIFT, Cent MSE SPICE.
New Products/Services
Supply Chain Finance (SCF) platform, Cent MSE GIFT (Green Investment), Cent MSE SPICE (Circular Economy), and a Distribution Agreement with Bandhan AMC for Mutual Funds.
Market Expansion
Expansion into underserved segments via co-lending with NBFCs/HFCs. Target sectors for FY26 include labour-intensive industries like Toy Manufacturing, Leather, and Startups.
Market Share & Ranking
Not disclosed in available documents; however, the bank's net advances grew at 16% in FY25, outperforming the industry growth of 12%.
Strategic Alliances
Bandhan AMC (Mutual Fund distribution), PSB Alliance Pvt. Ltd. (Digital SCF), Tata Motors Passenger Vehicles Ltd. (Anchor-based financing), and Indo Zambia Bank Limited (Joint Venture).
External Factors
Industry Trends
The banking industry is seeing a shift toward digital banking and co-lending. SCB credit growth hit a low of 11.03% in FY25. Public sector banks saw a record cumulative profit of INR 1.78 lakh crore in FY25, a 26% YoY increase.
Competitive Landscape
Competes with other Public Sector Banks and Private Sector Banks. Private banks saw a sharper drop in loan growth (9.5% decline in March 2025) compared to PSBs.
Competitive Moat
Moat is based on sovereign ownership (89.27% GoI stake), a century-old brand legacy, and a robust CASA base that provides a competitive cost of funds compared to the PSB average. These factors ensure systemic support and customer trust.
Macro Economic Sensitivity
Sensitive to MSME sector health and retail overleveraging. Industry-wide non-food credit growth declined from 20.2% to 11.0% in FY25, impacting the bank's growth environment.
Consumer Behavior
Shift toward digital banking and higher-yield term deposits. Term deposits bearing interest above 7% rose to 72.7% of total deposits in March 2025 from 64.2% a year ago.
Geopolitical Risks
Geopolitical uncertainties are cited as potential risks to foreign investment flows and economic sentiment, which could impact the bank's corporate credit book and treasury operations.
Regulatory & Governance
Industry Regulations
Complies with RBI's Priority Sector Lending (PSL) norms, achieving 50.17% of ANBC against the 40% requirement. Transition to the Expected Credit Loss (ECL) provisioning framework is a key monitorable.
Environmental Compliance
The bank factors ESG principles into lending decisions. It launched 'Cent MSE GIFT' for green financing and 'Cent MSE SPICE' for the circular economy. ESG disclosures are currently 'evolving'.
Legal Contingencies
The bank monitors 'Large Value Frauds' through a Special Committee. Specific pending court case values in INR are not disclosed in the available documents.
Risk Analysis
Key Uncertainties
Asset quality vulnerabilities from the co-lending portfolio and potential slippages from the MSME and retail segments. Treasury income volatility remains a risk to quarterly earnings stability.
Geographic Concentration Risk
High concentration in metropolitan areas for deposits (53.2%). The bank has a pan-India branch network of 4,556 units to mitigate regional economic shocks.
Third Party Dependencies
Dependency on co-lending partners (NBFCs/HFCs) for reaching underserved segments and on Bandhan AMC for mutual fund product offerings.
Technology Obsolescence Risk
The bank is mitigating this through investments in digital tools, a new SCF platform, and 'War Rooms' for SMA monitoring using technology.
Credit & Counterparty Risk
Gross NPA ratio was 3.18% in March 2025. Net NPA ratio improved to 0.48% in H1FY26. Solvency level (Net Stressed Assets/Core Equity) is a key monitorable, with a downgrade risk if it exceeds 30%.
