Central Bank of India has officially announced the retirement of Shri Bharat Bhushan Mutreja, General Manager of the Recovery Department, effective December 31, 2025. The announcement was communicated through an official notice from the bank's Investor Relations Division.

Management Change Details

The retirement represents a routine superannuation process, with Shri Mutreja completing his tenure in the Recovery Department. The bank has filed this management change under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory disclosure requirements.

Regulatory Compliance

The notification was issued on December 31, 2025, bearing reference number CO:IRD:2025:26:217. Chandrakant C Bhagwat, Company Secretary & Compliance Officer, signed the official communication, ensuring proper documentation of the management change. The announcement fulfills the bank's obligation to inform stakeholders about significant personnel changes in senior management positions.

Corporate Communication

The official notice was digitally signed and timestamped at 17:58:55 IST on December 31, 2025, demonstrating the bank's commitment to transparent and timely disclosure practices. The communication was issued from the bank's central office located at Chander Mukhi, Nariman Point, Mumbai.

Central Bank of India has received a rating reaffirmation from India Ratings and Research Private Limited, which maintained the bank's IND AA/Stable rating for both its long-term issuer rating and Basel III Tier-II bonds. The rating agency cited the bank's improved capital position and asset quality as key factors for the reaffirmation.

Rating Details and Rationale

The rating reaffirmation encompasses two key instruments as detailed below:

The analytical approach continues to factor in the support available from the Government of India, which holds an 89.27% stake in Central Bank of India.

Strengthened Capital Position

Central Bank of India demonstrated significant improvement in its capital metrics during the review period. The bank's capital adequacy has shown consistent enhancement across multiple parameters:

The bank has achieved improved profitability and internal accrual generation, with a return on assets of 1.00% in the most recent quarter.

Asset Quality Improvements

The rating agency highlighted substantial improvements in Central Bank of India's asset quality metrics. The bank's gross non-performing assets ratio declined to 3.01% in the latest reporting period.

The provision coverage ratio improved to 84.40%, indicating adequate provisioning buffers.

Liability Franchise and Liquidity Position

Central Bank of India maintained a strong deposit franchise with its CASA deposit ratio at 46.80% in the most recent quarter. The bank's deposit base demonstrates granularity with bulk deposits contributing below 5.00% to the total deposit base.

The bank's liquidity coverage ratio stood at 241.90%, well above the regulatory requirement of 100.00%.

Outlook

India Ratings expects Central Bank of India to maintain adequate profitability over the medium term. The rating agency will continue to monitor the bank's performance, particularly in areas such as franchise growth, profitability, and capital buffers, which could influence future rating actions.