Central Bank of India net profit up 13.3% to ₹1,324 crore in Q1FY27
Central Bank of India reported a 13.3% year-on-year increase in net profit to ₹1,324 crore for the first quarter of FY27. The bank saw improved asset quality and a rise in total income, despite a slight decline in net interest margins.
Why it matters
The results reflect the financial health of public sector lenders in India and their ability to manage asset quality amidst credit growth.
PSU lender Central Bank of India (CBI) reported 13.3% year-on-year (YoY) jump in net profit to ₹1,324 crore on improved asset quality in the quarter ended June 30 2026.
Net interest income increased by about 16% YoY to ₹3,881 crore in the reporting quarter., even as its net interest margin (NIM) fell by 10 basis points to 3.06%.
The total income rose to ₹10,678 crore in June 2026 quarter compared to ₹10,360 crore the same period of FY26
Global advances stood at ₹3.54 lakh crore in the quarter, up 28.6% YoY. Deposits grew at a much slower pace of 11.7% YoY to ₹4.8 lakh crore in the June quarter of FY27 . The credit to deposits ratio increased to 74.1% in first quarter (Q1) of the current fiscal against 64.4% the year-ago quarterl.
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