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Central Bank of India Q2 Net Profit Jumps 21% on Strong NII Growth
- •Central Bank of India reported a 21 percent year-on-year rise in standalone net profit to 1469 crore rupees for the September quarter.
- •Net interest income surged 26.3 percent year-on-year to 4145 crore rupees, driving overall earnings growth.
- •Asset quality showed sequential improvement with gross NPAs dropping to 2.39 percent and net NPAs falling to 0.31 percent.
- •Global business expanded by 20.54 percent to 8.89 lakh crore rupees, supported by robust growth in advances and deposits.
- •The board approved a fundraising plan of up to 7000 crore rupees through long-term infrastructure and Basel III-compliant bonds.
Key Questions Answered
Central Bank of India reported a 21% year-on-year rise in standalone net profit to ₹1,469 crore for the September quarter of financial year 2026-27. This earnings growth was supported by a 26.3% increase in net interest income (NII), which reached ₹4,145 crore compared to ₹3,283 crore in the corresponding period last year.
The bank's asset quality improved sequentially as gross non-performing assets (NPAs) declined to 2.39% as of September 30, 2026, down from 2.60% in the June quarter. Additionally, net NPAs fell to 0.31% from 0.49% in the previous quarter.
The board of Central Bank of India approved a fundraising plan of up to ₹5,000 crore through long-term infrastructure bonds. Furthermore, the board cleared raising up to ₹2,000 crore through Basel III-compliant Additional Tier 1 and Tier 2 bonds in one or more tranches.
