Central Bank of India Q1 Results: PSU lender reports drop in core income but slippages moderate
Published on 19/07/2025 04:14 PM
Central Bank of India Q1 Results: PSU lender reports drop in core income but slippages moderateCentral Bank of India had recently raised ₹1,500 crore through a Qualified Institutional Placement (QIP), where Life Insurance Corporation (LIC) invested a sum of ₹238 crore.By Hormaz Fatakia July 19, 2025, 4:14:29 PM IST (Published)2 Min ReadCentral Bank of India Ltd., the state-run lender also reported results for the June quarter on Saturday, July 19.
The lender reported a 4.6% drop in its Net Interest Income (NII) or its core income, from the same quarter last year to ₹3,383 crore. This is due to higher interest expenditure in comparison to the interest earned from last year.
Net profit for the period increased by 32.7% from last year to ₹1,168 crore, from ₹880 crore during the year-ago quarter. The bank's bottomline was aided by a jump in its other income to ₹1,785 crore, from ₹1,165 croer last year.
Asset quality remained largely stable during the quarter, where gross NPA stood at 3.13% from 3.18% n March, and net NPA moderating to 0.49% from 0.55% in March.
Provisions and contingencies declined to ₹521 crore from ₹844 crore in March, while provisions for PAs also nearly halved to ₹467 crore from ₹830 crore last quarter.
Slippages during the quarter moderated to ₹839 crore from ₹1,366 crore during the previous quarter.
The lender's Return On Assets (RoA) crossed the mark of 1%, increasing by 20 basis points year-on-year to 1.02%, while its Return on Equity (RoE) increased by 157 basis points to 14.17%.
Central Bank of India had recently raised ₹1,500 crore through a Qualified Institutional Placement (QIP), where Life Insurance Corporation (LIC) invested a sum of ₹238 crore.
Government shareholding in the lender still remains at 89% at the end of the most recent quarter.
Shares of Central Bank of India ended 1.2% lower at ₹38.17 on Friday. The stock remains below the QIP issue price of ₹40.49 and has declined nearly 30% so far in 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCentral Bank of IndiaQ1 resultsshare market today