Central Bank of India Q4 results: Net profit rises 28% to ₹1,034 crore
The bank's board has proposed a dividend of 18 paise per equity share, equivalent to 1.87 per cent of the face value of ₹10 for 2024-25
 "Central Bank of India Q4 results: Net profit rises 28% to ₹1,034 crore")
Central Bank of India reported a 28 per cent rise in net profit to ₹1,034 crore for the March quarter of FY25, aided by a reduction in bad loans.
The state-owned lender had posted a net profit of ₹807 crore in the same period last year.
The bank’s board has proposed a dividend of 18 paise per equity share, equivalent to 1.87 per cent of the face value of ₹10 for 2024-25.
Its total income grew to ₹10,433 crore during the fourth quarter of FY25, up from ₹9,699 crore a year earlier, the Mumbai-based bank said in a regulatory filing.
The bank reported ₹8,429.6 crore as the total expenditure during Q4FY25; this marks an 8.41 per cent rise over the previous quarter. The bank had reported ₹7,775.33 crore expenditure in the third quarter of FY25.
The bank's asset quality improved significantly as the gross non-performing assets (NPAs) eased to 3.18 per cent of gross advances by March-end, down from 4.5 per cent a year earlier.
Net non-performing assets (NPAs) declined to 0.56 per cent of advances by March-end, from 1.24 per cent in Q4FY24.
The bank also reported 207 cases of borrowal frauds during FY25, marking a significant rise from the previous financial year's 66 borrowal fraud cases.
However, the bank's digital fraud cases more than halved in FY25, as the bank reported 762 cases of digital fraud. Similarly, the total amount of fraud also almost halved to ₹118.08 crore.
The net interest margin (NIM) for FY25 stood at 3.08 per cent, higher than 2.92 per cent recorded at the end of FY24.
Net interest income (NII) in FY25 increased by 7.7 per cent to ₹13,897 crore, up from ₹12,896 crore in the preceding financial year.
For the full financial year 2024-25, the bank posted a 78 per cent jump in net profit to ₹3,785 crore, compared with ₹2,549 crore in the previous financial year.
The bank’s total income for the year rose to ₹39,521 crore in FY25 from ₹35,434 crore a year earlier.