Central Bank Of India

PSU Bank stocks have outperformed in recent trading sessions amid reports of a likely hike in FII investment limit. Here are 5 stocks that look strong on technical charts.

State-owned Central Bank of India on Friday reported a 33 per cent growth in net profit to Rs 1,213 crore for the second quarter ended September 30. The bank had a net profit of Rs 913 crore in the July-September quarter of FY25. Total business grew by 14.43 per cent to over Rs 7.38 lakh crore from over Rs 6.45 lakh crore. Total deposits were up by 13.40 per cent to over Rs 4.44 lakh crore against Rs 3.92 lakh crore. Gross NPA stood at 3.01 per cent as of Q2 FY26, compared to 4.59 per cent in the year-ago period, registering an improvement of 158 basis points. Shares of Central Bank of India were trading at Rs 37.01 apiece, down 2.53 per cent over the previous close on the BSE.

Technical charts flag up to 22% downside risk for PSU bank shares such as Indian Overseas Bank, Uco Bank, Central Bank of India and Punjab & Sind Bank as government stake sale buzz looms.

The government has appointed Asheesh Pandey as managing director (MD) and CEO of Union Bank of India and Kalyan Kumar as head of Central Bank of India for a period of three years. The Appointments Committee of the Cabinet headed by the Prime Minister approved these appointments for an initial period of three years, sources said. Pandey, currently Executive Director of Bank of Maharashtra, has been appointed as MD and CEO of Union Bank of India for a period of three years with effect from date of assumption of charge of the office. Kumar, Executive Director of Punjab National Bank (PNB), will succeed M V Rao as MD and CEO of Central Bank of India after his superannuation in July. The Financial Services Institutions Bureau (FSIB) on May 30 recommended Pandey and Kumar for the post of MD and CEO of Union Bank of India (UBI) and Central Bank of India, respectively. FSIB is headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma. Other members of the headhu

Shares of PSU banks have rallied up to 24% thus far in FY26; here's what technical charts suggest for Bank of India, Indian Bank, Bank of Baroda, PSB and Central Bank of India.

State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory filing. Interest earned by the bank improved to Rs 8,589 crore, as compared to Rs 8,335 crore in the June quarter FY25. During the period under review, operating profit of the bank increased to Rs 2,304 crore, as compared to Rs 1,933 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.13 per cent of gross advances at the end of the June quarter, from 4.54 per cent a year ago. Gross advance increased by 9.97 per

State-owned Central Bank of India acquired a 24.91 per cent stake in Future Generali India Insurance for ₹451 crore

State-owned Central Bank of India buys 24.91% stake in Future Generali India and 25.18% in its life insurance arm following approvals from CCI, RBI and IRDAI

The bank's strategic acquisition of 350.63 million shares in Future Generali India Insurance marks its entry into the general insurance sector

State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June 4), the bank has ventured into the insurance sector, Central Bank of India said in a regulatory filing. At present, Central Bank of India has 25.28 per cent stake in FGILICL, which had earned a gross written premium of Rs 1,810.53 crore in FY24. The CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. FGILICL offers savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insuran

FSIB interviews 23 candidates and recommends Asheesh Pandey for UBI and Kalyan Kumar for Central Bank; final nod awaits approval by Appointments Committee of the Cabinet

The stock has fallen 28 per cent this year, compared to a 2.9 per cent advance in the benchmark Nifty50

NII falls 4% as rise in yield on advances; margins contract

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

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Sequentially, advances grew 2.4 per cent, while deposits grew by 1.7 per cent, the bank said in its quarterly update

Central Bank of India share price: Central Bank of India shares have been on a downward trajectory since it issued shares to QIBs. Central Bank of India stock hit 52-week low on April 2, 2025

The floor price for the QIP was set at ₹42.62 per share which was a discount of 9 per cent from Monday's closing at Rs 46.85 per share on BSE

The federal finance ministry is looking dilute minority shareholdings in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank

About 94.7 acres on block; reserve price set at Rs 1,782 crore