Central Bank Of India

Central Bank of India well-positioned to cross ₹5,000 cr profit in FY27: MD

Central Bank of India is well-positioned to reach the milestone of Rs 5,000 crore annual profit during the current fiscal year after clearing the deferred tax asset, according to the bank's MD and CEO, Kalyan Kumar. In the March quarter of FY26, the state-owned bank took a one-time hit of Rs 632 crore due to the recognition of deferred tax assets at a rate of 25 per cent, as against 35 per cent. "From the current year, we are migrating to the new tax regime and it will give us additional benefit of Rs 600-700 crore in our annual profit that is going to help us in bringing improvement in the bottom line," Kumar told PTI in an interview. Asked if the bank can cross the Rs 5,000 crore milestone in FY27, he said, "The bank booked a profit of Rs 4,369 crore in FY26 and Rs 5,000 crore should not be any challenge for Central Bank of India (going by the current run rate)." Stressing that customer centricity is the most important thing for any financial organisation, he said the company mus

Central Bank of India OFS fully subscribed; Qatar Holding sells 0.4% stake

The government's Rs 2,250 crore share sale in Central Bank of India was fully subscribed, while large block deals were executed in Paytm and Adani Energy

Central Bank of India shares fall 6% as OFS opens; check floor price

Central Bank of India OFS price: The government is offloading an 8 per cent stake in Central Bank of India through an OFS, starting Friday. The government aims to raise ₹2,456 crore.

Govt to offload up to 8% stake in Central Bank of India through OFS

The government will begin an offer for sale in the Central Bank of India on Friday, with a base offer of 4 per cent stake and an additional 4 per cent green shoe option

No impact on profitability for transition to ECL norms: Kalyan Kumar

Central Bank of India MD & CEO Kalyan Kumar says healthy loan growth will improve the CD ratio while cost-cutting measures will lower the cost-to-income ratio below 50 per cent in three years

Central Bank of India Q4FY26 net profit falls 30% on one-time tax hit

PSU lender reports sharp decline in quarterly profit due to deferred tax liability and weak treasury income, while core earnings and asset quality remain stable

Central Bank of India gets ₹296 crore demand notice from Income Tax Dept

State-owned Central Bank of India on Tuesday said it has received a Rs 296.08-crore demand notice from the Income Tax Department for shortfall in payment of tax in FY25. "An assessment order under Section 143(3) read with Section 144B of Income Tax Act, 1961 dated March 28, 2026 from Assessment Unit, Income Tax Department along with a demand advising the bank to pay an amount of Rs 296.08 crore being demand for tax liability for the Assessment Year 2024-25," Central Bank of India said in a regulatory filing. The bank is in the process of challenging the said orders in the appropriate forum against disallowances/additions made in the said order within the prescribed guidelines, it said. Looking to the precedence/orders of appellate authorities, it said the bank believes it has adequate factual and legal grounds to reasonably substantiate its position in the matter and considering the expected relief, the bank expects that the entire demand will subside. As such, it said, no impact i

RBI imposes penalties on Union Bank, Central Bank, Bank of India, Pine Labs

The Reserve Bank of India has imposed monetary penalties on four entities for regulatory non-compliance, citing lapses in KYC norms, PSL rules and electronic transaction handling

Looking for dividend? Keep an eye on these 6 stocks today; key details here

Here is the complete list of stocks that will remain in focus during today's trading session following their decision to reward their shareholders with dividends

Central Bank of India Q3 profit jumps 32% to ₹1,263 cr as bad loans dip

State-owned Central Bank of India has posted a 32 per cent jump in profit at Rs 1,263 crore in the third quarter ended December 2025, aided by improvement in bad loans. The Mumbai-based bank had earned a net profit of Rs 959 crore in the same quarter a year ago. Total income increased to Rs 10,969 crore during the quarter under review against Rs 9,739 crore in the same period of last year, Central Bank of India said in a regulatory filing. The bank's interest income also rose to Rs 9,033 crore during the quarter, up from Rs 8,509 crore in the same period a year ago. However, the Net Interest Income (NII) marginally declined to Rs 3,502 crore, from Rs 3,540 crore of the corresponding period of the previous year. Similarly, the net interest margin (NIM) eased to 2.96 per cent, compared to 3.45 per cent at the end of the third quarter of the previous financial year. The bank's operating profit improved to Rs 2,293 crore, up from Rs 1,963 crore in December 2024. As regards asset qua

Aim to make Central Bank customer-centric, digitally agile: MD & CEO

Central Bank of India expects to meet SEBI's public shareholding norms well before the August 2026 deadline as it sees strong loan growth across retail, MSME and corporate segments and expands digital

SBI, BoB, PNB among 5 PSU Bank stocks that can rally up to 17%; say charts

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.

Central Bank of India Q2 results: Net profit rises 33% to ₹1,213 crore

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.

Buy, sell, hold? Trading strategy in PSU bank stocks amid stake sale buzz?

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.

Asheesh Pandey named MD of Union Bank; Kalyan Kumar to head Central Bank

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

Overbought or oversold? 5 PSU bank stocks on technical charts

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.

Central Bank of India Q1 results: PAT jumps 33% to ₹1,169 cr on lower NPAs

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

Central Bank stake to double bancassurance for company: Future Generali MD

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

Central Bank of India buys 24.91% stake in Future Generali for Rs 451 cr

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

Central Bank of India acquires 24.91% stake in FGIICL for ₹451 crore

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