Central Bank of India (CENTRALBK) Q3 25/26 earnings summary

Executive summary

• Total business grew 15.77% year-over-year to INR 7.74 lakh crore, with deposits up 13.24% and gross advances up 19.48%.

• Net profit reached an all-time high, rising 31.70% year-over-year to INR 1,263 crore for the quarter.

• Asset quality improved, with gross NPA at 2.70% (down 116 bps YoY) and net NPA at 0.45% (down 14 bps YoY).

• Digital transactions and customer touchpoints expanded, with digital share of transactions at 89.6%.

• Financial statements for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board, with auditors issuing unmodified opinions.

Financial highlights

• Total income increased 12.62% year-over-year to INR 10,968 crore; interest income up 6.15% to INR 9,033 crore.

• Operating profit for the quarter was INR 2,292 crore, up 16.76% year-over-year.

• Non-interest income surged 57.45% year-over-year to INR 1,935 crore.

• Provision coverage ratio (PCR) stood at 96.69% including written-off accounts.

• Net interest income for the quarter was INR 3,502 crore, down 1.07% year-over-year.

Outlook and guidance

• Credit growth target for FY26 is INR 340,000 crore, with corporate book target at INR 125,000 crore.

• Deposit mobilization campaign (Aaghaz) aims to raise INR 20,000 crore in CASA.

• NIM guidance remains at 3%, though margin pressure is expected due to rate cuts; cost-to-income ratio targeted to fall below 56% over 2-3 years.

• Interim dividend of 2% (₹0.20 per share) approved by the Board.

• No need for equity dilution or Tier 1 capital raise in FY26.