News

Central Bank of India partners with Canara Robeco AMC to distribute mutual fund productsShares of Central Bank of India Ltd ended at ₹40.08, down by ₹0.35, or 0.87%, on the BSE.By Jomy Jos Pullokaran  February 27, 2026, 5:28:48 PM IST (Updated)2 Min ReadState-owned Central Bank of India on Friday (February 27) announced that it has entered into a distribution agreement with Canara Robeco Asset Management Company Ltd (CRAMC) to offer mutual fund products to its customers.

Under the arrangement, customers of the Central Bank of India will have access to various mutual fund products offered by Canara Robeco AMC, providing them an opportunity to unlock the value of their savings.

Canara Robeco Asset Management Company Ltd was established in 1987 as a joint venture between Canara Bank and ORIX Corporation Europe. It is one of India’s leading asset management companies, with a total assets under management (AUM) of ₹1.22 lakh crore as of December 2025 and a customer base of over 50 lakh investors.

Also Read: Central Bank of India Q2 net profit rises 32.8% YoY to ₹1,213 crore; asset quality improves

Third Quarter Results

Net profit for the quarter increased by 31.6% from last year to ₹1,262 crore from ₹959 crore earlier. Profitability for the quarter was aided by a higher other income, which increased to ₹1,935 crore at the end of the December quarter, from ₹1,229 crore during the same quarter last year.

Net Interest Income for the quarter declined by 1% from last year to ₹3,503 crore from ₹3,540 crore earlier. Central Bank of India's asset quality improved from the previous quarter, with Gross NPA at 2.7% from 3.01% in the September quarter, while Net NPAs stood at 0.45% from 0.48% in the previous quarter.

In absolute terms, Gross NPA stood at ₹8,726 crore from ₹8,827 crore, while Net NPA saw a marginal increase to ₹1,413 crore from ₹1,366 crore in the September quarter. Gross advances for the quarter increased by 19.48% from the same quarter last year to ₹3.23 lakh crore, while total deposits increased by 13.24% from last year to ₹4.5 lakh crore.

Also Read: Indian lenders said to ask RBI for Leeway on liquidity rules

There was a sharp contraction in the lender's Net Interest Margin (NIMs), which declined to 2.96% at the end of the December quarter, a drop of 49 basis points from 3.45% during the same quarter last year. Slippages for the quarter declined to ₹658 crore from ₹733 crore during the July-September period.

Shares of Central Bank of India Ltd ended at ₹40.08, down by ₹0.35, or 0.87%, on the BSE.Continue Reading(Edited by : Jomy Jos Pullokaran)First Published: Feb 27, 2026 5:28 PM ISTTagsCentral Bank of Indiashare market today