Central Bank of India (CENTRALBK) Q1 26/27 earnings summary

Executive summary

• Global business grew 18.29% year-over-year to INR 8,33,320 crore, with advances up 28.58% and deposits up 11.68%.

• Net profit for Q1 FY27 rose 13.26% to INR 1,324 crore; operating profit at INR 2,186 crore.

• Asset quality improved: gross NPA at 2.60% (down 53 bps YoY), net NPA at 0.49%, PCR at 95.86%.

• CASA ratio maintained at 46.61%, with savings accounts up 11.66% YoY.

• Digital transactions accounted for 91.57% of all transactions, reflecting strong digital adoption.

Financial highlights

• Net Interest Income grew 15.70% YoY to INR 3,914 crore.

• Total income for Q1 FY27 increased 3.08% YoY to INR 10,678 crore.

• Cost-to-income ratio improved to 55.40%, with ongoing efforts to reduce below 56%.

• Operating profit (excluding one-off) was INR 2,153 crore, up 29.08% sequentially.

• Total non-interest income declined 44.27% YoY to INR 987 crore, mainly due to lower treasury income.

Outlook and guidance

• FY27 guidance: business growth 14-15%, deposit growth 10-12%, advances growth 14-16%.

• NIM expected to remain above 3%, ROA above 1%, and ROE to improve further.

• CASA ratio target 48% (+/- 1%), Gross NPA below 2.5%, Net NPA below 0.5%.

• Focus on RAM sector, gold loans, SHG, and corporate lending for future growth.

• Yield on advances expected to reach 8% by March 2027.