Central Bank of India reported strong Q3 FY26 results during its earnings call, with total business up 15.77% to INR 7.74 lakh crore. Deposits increased by 13.24% to INR 4.50 lakh crore, while CASA rose 8.54% to INR 2.11 lakh crore. Gross advances grew by 19.48%. The bank achieved an all-time high net profit, up 31.70% to INR 1,263 crore, improved asset quality, and exceeded market guidance in several key areas.
Strong Financial Performance
Central Bank of India announced its Q3 FY26 results, showcasing significant growth across key metrics:
- Total Business: Up 15.77% to INR 7.74 lakh crore
- Total Deposits: Increased by 13.24% to INR 4.50 lakh crore
- CASA: Grew by 8.54% to INR 2.11 lakh crore
- Gross Advances: Rose by 19.48%
- Net Profit: All-time high, up 31.70% to INR 1,263 crore
Asset Quality Improvement
The bank also reported improvements in asset quality:
- Gross NPA: Improved by 116 basis points to 2.70%
- Net NPA: Improved by 14 basis points to 0.45%
- ROA: Above 1, at 1.01%
- ROE: 14.47%
- CD Ratio: Improved by 375 basis points to 72%
Strategic Initiatives and Future Outlook
Central Bank of India highlighted its commitment to technological upgrades and digital capabilities. The bank aims to meet market expectations and investor demands by initiating strategic steps to improve CASA, NIM, and cost-to-income ratios.
Segment Performance and Growth Drivers
The bank observed the following trends in key segments:
- Retail: Grew by 20%-21%
- Agriculture: Grew by 15%
- MSME: Grew by 16%. Plans are underway to boost MSME growth in Q4 with targeted outreach programs and cluster-specific products.
- Corporate: Year-on-year growth of 23%, supported by approvals of over INR 1,17,000 crore in the last nine months.
Provisioning and Capital Adequacy
The bank has proactively provided INR 375 crore for ECL transition and INR 150 crore additional towards employee benefits. Capital adequacy ratio stood at 16.13%, comprising CET1 at 13.87% and Tier 2 at 2.26%.
Source: BSE
