Central Bank of India announced that India Rating Stable. Powered by Capital Market - Live

The approval is subject to continuous compliance of conditions stipulated by it and approval of IRDAI, the insurance sector regulator. In October 2024, the Competition Commission of India (CCI) has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance Company (FGIICL) and 25.18% shareholding in Future Generali India Life Insurance Company (FGILICL) by Central Bank of India, a public sector bank. FGIICL is a general insurance company. It provides personal insurance, commercial insurance, social & rural insurance etc. FGILICL is a life insurance company. It provides savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans and group insurance plans. Central Bank of India is engaged in providing banking and financial services with wide range of products and services to individuals, commercial enterprises, large corporates, public bodies and institutional customers. The bank reported 50.91% jump in net profit to Rs 913 crore on a 17.08% increase in total income to Rs 9,849 crore in Q2 FY25 as compared with Q2 FY24. Powered by Capital Market - Live

Central Bank of India fell for a fifth straight session today. The stock is quoting at Rs 52.88, down 3.68% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78007.07, down 0.85%.Central Bank of India has eased around 7.36% in last one month.Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has eased around 0.18% in last one month and is currently quoting at 6745.95, down 1.86% on the day. The volume in the stock stood at 27.05 lakh shares today, compared to the daily average of 59.26 lakh shares in last one month.The PE of the stock is 14.37 based on TTM earnings ending September 24.Powered by Capital Market - Live

Net interest income (NII) improved by 12.62% to Rs 3,410 crore in Q2 FY25 from Rs 3,548 crore in Q2 FY24. Net interest margin (NIM) was 3.44% for the quarter ended 30 September 2024 as against 3.29% for the quarter ended 30 September 2023. Operating profit of the public sector bank for the September'24 quarter was Rs 2,165 crore, up 41.50% YoY. Provisions in Q2 FY25 increased by 35.35% to Rs 1252 crore from Rs 925 crore in Q2 FY24. Gross NPA of the bank as on 30 September 2024 stood at Rs 11,604 crore as against Rs 10,666 crore as on 30 September 2023 and Rs 11,388 crore as on 30 June 2024. Gross NPA ratio was at 4.59% as on 30 September 2024 as compared to 4.62% as on 30 September 2023 and 4.54% as on 30 June 2024. Net NPA ratio was at 0.69% as on 30 September 2024 as compared to 1.64% as on 30 September 2023 and 0.73% as on 30 June 2024. As on 30 September 2024, total deposits and total advances of the bank were Rs 3,91,914 crore (up 5.57% YoY) and Rs 2,52,944 crore (up 9.48% YoY), respectively. Central Bank of India is engaged in providing banking and financial services with wide range of products and services to individuals, commercial enterprises, large corporates, public bodies and institutional customers. Powered by Capital Market - Live

Net profit of Central Bank of India rose 48.54% to Rs 923.83 crore in the quarter ended September 2024 as against Rs 621.95 crore during the previous quarter ended September 2023. Total Operating Income rose 11.64% to Rs 8235.34 crore in the quarter ended September 2024 as against Rs 7376.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income8235.347376.82 12 OPM %57.5052.10 - PBDT1577.71567.17 178 PBT1577.71567.17 178 NP923.83621.95 49 Powered by Capital Market - Live

Central Bank of India will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live

Central Bank of India gained for a fifth straight session today. The stock is quoting at Rs 61.23, up 0.87% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Central Bank of India has slipped around 1.11% in last one month. Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has slipped around 2.06% in last one month and is currently quoting at 7012.45, up 0.82% on the day. The volume in the stock stood at 36.55 lakh shares today, compared to the daily average of 75.54 lakh shares in last one month.The PE of the stock is 17.49 based on TTM earnings ending June 24.Powered by Capital Market - Live

Central Bank of India has revised its ratings outlook on the tier-II and tier-I bonds (under Basel III) of Central Bank of India (Central Bank) to 'Positive' from 'Stable' while reaffirming the ratings at 'CRISIL AA-/CRISIL A+'. The rating on the certificate of deposits programme has been reaffirmed at 'CRISIL A1+'. CRISIL Ratings has also withdrawn its rating on Rs 1,100 crore of lower Tier-II bonds (under Basel II) and Rs 500 crore of Tier II bonds (under Basel III) on the bank's request as the outstanding against the same is nil. Powered by Capital Market - Live

Central Bank of India gained for a third straight session today. The stock is quoting at Rs 60.35, up 1.39% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 24269.55. The Sensex is at 79387.27, down 0.1%. Central Bank of India has slipped around 6.01% in last one month. Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has slipped around 5.6% in last one month and is currently quoting at 6916, up 0.07% on the day. The volume in the stock stood at 52.61 lakh shares today, compared to the daily average of 136.76 lakh shares in last one month.The PE of the stock is 17.16 based on TTM earnings ending June 24.Powered by Capital Market - Live