Central Bank’s Q1FY27 net profit up 13% at ₹ 1,324 cr

GNPAs position improved to 2.60 per cent of gross advances as at June-end 2026 against 3.13 per cent as at June-end 2025
| Photo Credit:
KAMAL NARANG

Central Bank of India (CBoI) reported a 13 per cent year-on-year (yoy) increase in first quarter (Q1 FY27) standalone net profit at ₹1,324 crore, with the bottom line being supported by a decent growth in net interest income, as well as lower loan loss provisions and income tax expenses.

The public sector bank had reported a net profit of ₹1,169 crore in the year ago quarter.

In the reporting quarter, CBoI’s net interest income (difference between interest earned and interest expended) was up 16 per cent yoy at ₹3,914 crore (₹3,383 crore in the year ago period).

However, total non-interest income declined 44 per cent yoy to ₹987 crore (₹1,771 crore) mainly due to fall in treasury income and “other receipts”.

Treasury income and “other receipts” (recovery in written-off accounts & others) were down 58 per cent (at ₹276 crore) and 66 per cent (at ₹224 crore), respectively.

Net Interest Margin (NIM) saw a marginal decline at 3.06 per cent (3.16 per cent in June 2025), post absorption of the Regulatory rate cuts.

Loan loss provisions declined 26 per cent yoy to ₹346 crore (₹468 crore). Income tax outgo was lower at ₹461 crore (₹614 crore).

GNPA improved

Gross Non-Performing Assets (GNPAs) position improved to 2.60 per cent of gross advances as at June-end 2026 against 3.13 per cent as at June-end 2025. Net NPAs position was unchanged at 0.49 per cent.

Global advances increased by a robust 28.58per cent yoy to ₹3,54,348crore as at June-end 2026 on the back of corporate advances rising by 46.52 per cent and RAM (retail, agriculture and MSME) advances growing by 21.38 per cent.