Central Bank of India saw a 13.3% increase in its net profit for the first quarter of the financial year 2026-27. The rise was attributed to a growth in net interest income and reduced provisions. The bank’s net profit stood at Rs 1,324 crore for the April-June quarter, up from Rs 1,169 crore in the same period last year.
The net interest income of the bank, representing the variance between interest earned and paid, surged by 16% year-on-year to Rs 3,914 crore from Rs 3,383 crore in the previous year’s quarter. However, the operating profit of the bank decreased by 5.1% to Rs 2,186 crore during the quarter compared to Rs 2,304 crore in the corresponding quarter of the previous fiscal year.
Central Bank of India also witnessed a drop in provisions, which decreased to Rs 401.6 crore during the quarter from Rs 521.1 crore a year earlier. The bank’s asset quality improved as the gross non-performing assets (GNPA) ratio reduced to 2.60% from 2.67% in the previous quarter, while the net non-performing assets (NNPA) ratio remained steady at 0.49%.
