Central Bank of India has released its financial results presentation for Q3 2026. Key highlights include a 15.77% increase in total business and a 19.48% rise in gross advances. The bank’s CASA deposits reached ₹211773 Cr, and net profit saw a substantial 31.70% growth. Focus remains on sustained growth, asset quality, and digital transformation.
Financial Highlights
For Q3 2026, Central Bank of India reported significant growth across various financial metrics:
- Total Business increased by 15.77% reaching ₹774106 Cr.
- Total Deposits grew by 13.24% to ₹450575 Cr.
- CASA deposits amounted to ₹211773 Cr, an increase of 8.54%.
- Gross Advances saw a substantial rise of 19.48%, totaling ₹323531 Cr.
- Net Profit increased significantly by 31.70% to ₹1263 Cr.
Asset Quality
The bank continues to focus on maintaining and improving its asset quality:
- Gross NPA improved to 2.70%.
- Net NPA stands at 0.45%.
Key Strategies and Outlook
Central Bank of India is focused on several key strategies to drive future growth:
- Building a granular CASA book to strengthen its deposit base.
- Increasing fee income through various channels and products.
- Improving cost-to-income ratio by focusing on efficiency and productivity.
- Leveraging technology and digital adoption to enhance customer experience.
Digital Initiatives
The bank continues its digital transformation with several initiatives, including:
- NRI Desks & Cent e-Trade Customer Web Portal.
- Digital Lending Platform to improve loan accessibility.
Source: BSE
