Friday, May 9, 2025

Central Bank of India net profit rises 28%

Central Bank of India Q4 net profit increased 28% to ₹ 1,034 crore from ₹807 crore in the year-ago period. The company’s net interest income, however, contracted 4% to ₹3,399 crore in the reporting quarter. The net interest margin also dipped to 3.17% in the quarter ended March 2025, as against 3.6% in the corresponding period last fiscal. The gross NPAs improved to 3.2% and net NPA to 0.5% from 4.5% and 1.2% respectively. The bank expanded net profit by 48.5% to ₹3,785 crore in fiscal 2024-25 from ₹2,549 crore in FY24.

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