Central Bank of India Share Price – NSE /  BSE

Banks, Small Cap

ICRA stated that the upgrade in the long-term ratings of Central Bank of India (CBI) factors in the sustained improvement in itssolvency1 profile, capital position and profitability levels, in line with ICRA?s expectations.

The bank?s asset quality also improved with the reduction in the fresh non-performing advances (NPA) generation rate and the legacy stressed assets. Though the bank increased its provision coverage ratio (PCR) and undertook additional provisioning on the standard restructured book, credit costs declined, leading to higher profitability in FY2025.

CBI?s capital profile was further strengthened by the capital raise of Rs. 1,500 crore in FY2025.

The ratings continue to factor in CBI?s sovereign ownership, with the Government of India?s (GoI) shareholding at 89.27%, as well as the demonstrated capital support over the years.

Moreover, with the higher provision on legacy stressed assets, the overall net NPAs (NNPAs) remained on a downward trajectory. CBI?s dependence on capital from the GoI in the near term remains limited, though the impact of the transition to provisioning based on the expected credit loss (ECL) framework will remain monitorable.

Further, the ratings continue to consider CBI?s well-established deposit franchise with a robust current account and savings account (CASA) base that also augments its strong liquidity profile, leading to a competitive cost of interest-bearing funds in relation to the public sector banks? (PSB) average.

ICRA notes that CBI?s profitability has been supported by healthy recoveries from its stressed assets (including written-off accounts). Its ability to maintain the same, while keeping the fresh NPA generation rate in check, would be key for profitability.

Central Bank of India is a mid-sized public sector bank (PSB) and the eighth largest, in terms of assets, among PSBs. It had a market share of 1.5% in advances and 1.8% in deposits in the Indian banking sector as on 31 December 2024.

For the year ended 31 March 2025, CBI reported a profit of Rs. 3,785 crore on a total asset base of Rs. 4.75 lakh crore compared to a net profit of Rs. 2,549 crore on a total asset base of Rs. 4.42 lakh crore for the year ended 31 March 2024.

The scrip shed 0.40% to currently trade at Rs 40.19 on the BSE.

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 Central Bank of India has acquired equity stake of 25.18% shares of Future Generali India Life Insurance Company (FGILICL) pursuant to receipt of Letter of Intent dated 20th August, 2024 under Regulation 29 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

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Profit before tax (PBT) declined 14.58% YoY to Rs 1,158.47 crore in Q4 FY25.

Operating profit fell 2.93% to Rs 2,002.96 crore in Q4 FY25 from Rs 2,063.35 crore in Q4 FY24. Provisions and other contingencies stood at Rs 844.49 crore in Q4 FY25, compared to Rs 707.09 crore in Q4 FY24.

Net interest income (NII) stood at Rs 3,399 crore as of 31st March 2025, compared with Rs 3,541 crore as of 31st March 2024. Net interest margin reduced by 41 bps to 3.17 in Q4 FY25, compared with 3.58 in Q4 FY24.

Total business stood at Rs 7,02,798 crore as of 31 March 2025, up 10.37% from Rs 6,36,756 crore as of 31 March 2024.

Total deposits increased 7.19% to Rs 412,697 crore as of 31 March 2025, compared to Rs 385,011 crore a year earlier.

CASA deposits rose 4.79% to Rs 2,01,173 crore as of 31 March 2025 from Rs 1,91,969 crore as of 31 March 2024.

Gross advances stood at Rs 2,90,101 crore in Q4 FY25, reflecting a 15.24% YoY increase. The Provision Coverage Ratio (PCR) stood at 96.54% as of 31 March 2025.

The bank's gross non-performing assets (NPA) as of 31 March 2025 stood at Rs 9,225 crore, compared to Rs 11,340 crore as of 31 March 2023 and Rs 10,460 crore as of 31 December 2024.

The gross NPA ratio improved to 3.18% as of 31 March 2025, down from 4.50% as of 31 March 2024.

The net NPA ratio declined to 0.55% as of 31 March 2025, compared to 1.23% as of 31 March 2024 and 0.59% as of 31 December 2024.

Meanwhile, the bank's board has recommended a dividend of 18 paise per equity share, or 1.87% of the face value of Rs 10 each for 2024-25.

Central Bank of India is engaged in providing banking and financial services with a wide range of products and services to individuals, commercial enterprises, large corporations, public bodies, and institutional customers.

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Net profit of Central Bank of India rose 35.32% to Rs 1104.58 crore in the quarter ended March 2025 as against Rs 816.29 crore during the previous quarter ended March 2024. Total Operating Income rose 3.37% to Rs 8653.26 crore in the quarter ended March 2025 as against Rs 8371.23 crore during the previous quarter ended March 2024.

For the full year,net profit rose 47.48% to Rs 3934.21 crore in the year ended March 2025 as against Rs 2667.68 crore during the previous year ended March 2024. Total Operating Income rose 9.56% to Rs 33797.44 crore in the year ended March 2025 as against Rs 30848.92 crore during the previous year ended March 2024.

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