Central Bank of India announced its financial results for the second quarter of FY2027, reporting a 21% year-on-year increase in net profit to ₹1,469 crore. Total business grew by 20.54% to ₹8,89,541 crore, with domestic deposits rising 14.41% and global advances surging 29.83%. The bank also highlighted improvements in asset quality and efficiency ratios.
Central Bank of India Reports Robust Q2 FY2027 Performance
Central Bank of India has announced its financial results for the second quarter ended September 30, 2026, demonstrating strong growth across key performance indicators. Net profit for the quarter saw a significant increase of 21% year-on-year, reaching ₹1,469 crore, up from ₹1,213 crore in the previous year. Operating profit also grew by 27% to ₹2,268 crore.
Key Financial Highlights
- Net Profit: ₹1,469 crore (up 21% YoY)
- Operating Profit: ₹2,268 crore (up 27% YoY)
- Net Interest Income (NII): ₹4,146 crore (up 26.28% YoY)
- Total Income: ₹11,737 crore (up approx. 15% YoY)
Business Growth and Advances
The bank’s total business witnessed robust growth, increasing by 20.54% to ₹8,89,541 crore. Domestic deposits rose by 14.41% to ₹5,08,509 crore, with CASA deposits at 44.65% of total deposits. Global advances grew substantially by 29.83% to ₹3,81,032 crore, including domestic advances of ₹3,72,939 crore, which grew by 27% year-on-year. Retail, agriculture, and MSME (RAM) segments, representing 65% of the bank’s branches in rural and semi-urban areas, saw business growth of 21.11%. Retail segment advances grew by 24.49%, agriculture by 19.92%, and MSME by 17.36%.
Asset Quality and Efficiency
Asset quality metrics showed improvement, with gross NPA standing at 2.39% and net NPA at 0.31%, an improvement of 17 basis points. Provision coverage ratio was strong at 97.16%. The cost-to-income ratio, while higher than desired at 58.95%, showed an improvement from 62.42% in the previous year. Business per employee increased to ₹25.26 crore from ₹21.48 crore.
Future Outlook and Guidance
The bank has set ambitious targets for the upcoming quarters, focusing on enhancing its retail, agriculture, and MSME portfolio, alongside exploring new growth engines like gold loans and SHG financing. Initiatives to improve technological platforms and customer experience are also underway, with a focus on enhancing digital offerings. Management expressed confidence in sustaining growth and improving efficiency numbers in the coming quarters.
Source: BSE
