Central Bank of India announced Q1FY25 results: Profitability: Total Income (Interest Income plus Non Interest Income) for Q1FY25 improved by 16.08 %, from Rs 8,184 crore in Q1FY24 to Rs 9,500 crore for Q1FY25. Net Interest Income (NII) grew by 11.71 % on YoY basis to Rs 3,548 crore for quarter ended June 30th 2024, over corresponding period of last year of Rs 3,176 crore. Operating Profit grew by 8.43 % on YoY basis to Rs 1,993 crore for quarter ended June 30th 2024, over corresponding period of last year of Rs 1,838 crore. Net Profit up by 110.53 % to Rs 880 crore in Q1FY25 against Rs 418 crore in Q1FY24. Return on Assets (ROA) improved to 0.82% for Q1FY25 as against 0.43% for Q1FY24. Return on Equity (ROE) also improved to 3.14 % for Q1FY25 as against 1.63 % for Q1FY24. Business Highlights: Total Business of the Bank, stood at Rs 6,35,564 crore as on June 30th, 2024 as against Rs 5,83,261 crore registering growth of Rs 52,303 crore (8.97%) on YoY basis. Total Deposits up by 5.93 % to Rs 3,84,949 crore from Rs 3,63,398 crore. Gross Advance increased by 13.99 % to Rs 2,50,615 crore on YoY basis as against Rs 2,19,863 crore for the same period of preceding year. RAM (Retail, Agriculture & MSME) business grew by 18.81 %. The individual sector wise growth stood at 13.87 % (Rs 72,469 crore), 15.36 % (Rs 47080 core) & 30.20% (Rs 52,111 crore), respectively, for Retail, Agriculture & MSME. Business per Employee has improved to Rs 20.31 crore during quarter ended June 30, 2024 from Rs18.43 crore on YoY basis. Asset Quality: Gross NPA improved to 4.54 % with an improvement of 41 bps, on YoY basis. Net NPA improved to 0.73 % with an improvement of 102 bps, on YoY basis. Provision Coverage Ratio stood at 96.17 %, with an improvement of 394 bps, on YoY basis. Capital Adequacy: Total BASEL III Capital Adequacy Ratio improved to 15.68 % (with Common Equity Tier 1 ratio of 13.36 %), as on 30th June 2024, as compared to 14.42 % on June 30th 2023, registering an improvement of 126 bps. Branch Highlights: Bank is having pan India presence with network of 4,517 branches with 2945 branches in rural & semi-urban areas (65.20%), 4,085 ATMs and 11,895 BC Points with total 20,497 Touch Points as on June 30th 2024. Result PDF