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Central Bank Profit Surges 21% on Loan Boom
17 Oct
Summary
- Net profit rose 21% to Rs 1469 crore in September 2026.
- Loan growth drove profit, with total advances up 30%.
- Asset quality improved, with net NPA falling to 0.31%.
Central Bank of India announced a significant 21% year-on-year increase in net profit for the quarter ending September 2026, achieving Rs 1469 crore. This performance contrasts with the Rs 1213 crore profit recorded in the same period last year.
The bank's financial results were bolstered by substantial loan growth. Net interest income, a key profitability indicator, surged by 26% to Rs 4146 crore from Rs 3283 crore year-on-year. Total advances experienced a 30% increase, reaching Rs 3.81 lakh crore.
This impressive loan expansion was notably driven by a 21% growth in retail, agriculture, and MSME (RAM) business, with retail loans alone growing by 24.49% to Rs 1.12 lakh crore. Concurrently, the bank maintained a healthy asset quality, evidenced by a reduction in net non-performing assets (NPAs) to 0.31% from 0.48% a year prior.
Total income for the quarter grew by 15% to Rs 11,737 crore. Despite a 6% decrease in other income sources to Rs 1380 crore, the overall financial health improved, reflected in a reduced Cost to Income ratio of 58.95% from 62.42% in the previous year.
