Central Bank of India Q1 FY25 results, net profit up by 110% to Rs 880 crore

State-owned Central Bank of India has announced its first quarter financial results of FY 2025 where Net Profit is up by 110.53 % to Rs 880 crore Y-o-Y, from Rs 418 crore. Net Interest Income for June 30, 2024 quarter has increased to Rs 3548 crore as compared to Rs 3176 crore for corresponding quarter ended June 30, 2023.

The Bank’s Net NPA improved to 0.73 %, registering an improvement of 102 bps over 1.75%.  Gross NPA improved to 4.54 %, registering an improvement of 41 bps over 4.95%.

Meanwhile, CASA Deposits have increased by Rs 8772 crore to Rs 188863 crore from Rs 180091 crore, reflecting Y-o-Y growth of 4.87% and having a share of 49.19% of total Deposits.

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Operating Profit grew by 8.43 % on Y-o-Y basis to Rs 1993 crore for quarter ended June 30th 2024, over corresponding period of last year of Rs 1838 crore.

Total BASEL III Capital Adequacy Ratio improved to 15.68 % (with Common Equity Tier 1 ratio of 13.36 %), as on 30th June 2024, as compared to 14.42 % on June 30th 2023, registering an improvement of 126 bps.

In terms of Business Segment, Gross Advance increased by 13.99 % to Rs 250615 crore on Y-o-Y basis as against Rs 219863 crore for the same period of preceding year.

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