Mumbai: Public sector lender Central Bank of India reported a 21.1 percent year-on-year increase in net profit to ₹1,469 crore for the July-September quarter of FY27, supported by higher interest income, strong loan growth and improving asset quality.
Net Profit Rises 11% Quarter-On-Quarter
On a sequential basis, Central Bank of India’s net profit increased 10.95 per cent to ₹1,469 crore from ₹1,324 crore in the June quarter of FY27.
The bank recorded an increase of approximately ₹145 crore in quarterly profit, reflecting continued earnings growth.
Net Interest Income Jumps 26%
The bank’s net interest income (NII) increased 26 per cent year-on-year to ₹4,146 crore from ₹3,283 crore.
Sequentially, NII rose 5.9 per cent from ₹3,914 crore in the preceding quarter.
Total income increased to ₹11,737 crore from ₹10,212 crore a year earlier, while interest income grew to ₹10,357 crore from ₹8,743 crore.
Operating Performance Improves
Central Bank of India’s operating profit increased to ₹2,268 crore during the September quarter.
The bank’s cost-to-income ratio improved to 58.95 per cent from 62.42 per cent in the year-ago period, indicating better operating efficiency.
However, non-interest income declined 6.1 per cent to ₹1,380 crore, while treasury income fell to ₹128 crore.
Bad Loans Decline Further
The bank reported an improvement in asset quality, with its gross non-performing asset (GNPA) ratio declining to 2.39 per cent from 3.01 per cent a year earlier.
Net NPA ratio improved to 0.31 per cent from 0.48 per cent during the same period.
The improvement indicates lower stressed loans relative to the bank’s overall lending portfolio.
Loan Growth Remains Strong
The bank’s total advances increased nearly 30 per cent year-on-year to ₹3.81 lakh crore.
Retail, agriculture and MSME lending continued to support credit expansion.
The provision coverage ratio improved to 97.16 per cent from 96.88 per cent a year earlier.
Meanwhile, the bank’s capital adequacy ratio stood at 17.68 per cent as of September 30, 2026.
Overall, stronger core income, expanding advances and improving asset quality supported the lender’s quarterly performance.
Disclaimer: This article is for informational purposes only. Investors should verify financial details and consult qualified advisors before making investment decisions.
