Central Bank of India reported a net profit of ₹1324 crore for the first quarter ended June 30, 2026, reflecting a 13.26% increase from ₹1169 crore in the same period last year. The bank's total income grew by 3.08% year-on-year to ₹10678 crore, driven by a 15.70% rise in net interest income to ₹3914 crore. Operating profit declined marginally by 5.12% to ₹2186 crore. The Board of Directors approved the results at a meeting held on July 17, 2026, in Mumbai. The bank has also made its international footprint by opening an IFSC Banking Unit at Gift City, Gandhinagar, Gujarat, and canvassed business to the tune of ₹472.67 crore till the reporting date.

Q1FY27 Financial Highlights

The bank's financial performance for the quarter ended June 30, 2026, showed growth in core earnings despite a slight compression in margins. The following table summarises the key financial metrics:

Asset Quality and Provisioning

Central Bank of India's asset quality improved significantly during the quarter. The Gross Non-Performing Assets (GNPA) ratio improved to 2.60% from 3.13% in the same period last year, registering an improvement of 53 bps. The Net Non-Performing Assets (NNPA) ratio remained stable at 0.49% YoY. The Provision Coverage Ratio stood at 95.86% as of June 30, 2026. Credit Cost for the quarter stood at 0.40%, down from 0.68% in the corresponding period last year. The Slippage Ratio stood at 0.29% for the quarter, registering an improvement of 6 bps.

Business Growth and Capital Ratios

The bank recorded robust business growth during the quarter. Total Global Business grew by 18.29% to ₹833320 crore. Global advances increased by 28.58% YoY to ₹354348 crore, while total deposits grew by 11.68% to ₹478972 crore. The CASA ratio stood at 46.61%. The bank's Capital to Risk-weighted Assets Ratio (CRAR) improved to 18.28%, with Tier 1 capital at 16.54%, registering an increase of 92 bps. Return on Assets (ROA) was reported at 1.00%, and Return on Equity (ROE) improved to 14.92% from 14.17%. Business per Employee improved to ₹24.40 crore on a YoY basis against ₹21.07 crore.

FY27 Guidance

Alongside its quarterly results, Central Bank of India outlined its key targets for FY27. The bank aims to sustain momentum across lending and deposits while continuing to improve asset quality. The following table outlines the bank's FY27 guidance:

Regulatory Disclosures

The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank declared that the auditors' report on the standalone and consolidated financial results for the quarter ended June 30, 2026, contains an unmodified opinion. The results were reviewed by the Statutory Central Auditors. The statement of deviation or variation for the quarter confirmed no deviation in the use of funds raised, as the amount raised was nil. The filing was signed by Shri Chandrakant C Bhagwat, Company Secretary & Compliance Officer.

Central Bank of India held a virtual one-on-one meeting with Ventura Securities on July 21, 2026, as part of its investor relations activities. The meeting provided an opportunity for the bank's management to engage with analysts, though discussions were restricted to information already available in the public domain.

The disclosure was made to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that no unpublished price-sensitive information was shared during the interaction.

Meeting Details

The following table outlines the specifics of the engagement:

The meeting was conducted virtually, adhering to standard protocols for such interactions. The bank's management reiterated that the scope of the discussion was confined to matters of public record.