Conference Call with Central Bank of India Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Central Bank of India announced Q3FY24 & 9MFY24 results:<br><br>Financial Performance:<br>- The Central Bank of India reported a significant increase in its net profit, which surged by 56.77% to Rs 718 crore for Q3FY24, compared to Q3FY23.<br>- For 9MFY24, net profit rose sharply by 72.30% to Rs 1,742 crore.<br>- The Bank's total income, including both interest and non-interest income for Q3FY24, improved by 19.68% to Rs 9,139 crore.<br>- Net Interest Income (NII) for 9MFY24, grew by 14.45% to Rs 9,355 crore.<br><br>Business Growth:<br>- Total business expanded by 11.48%, reaching Rs 6,17,368 crore.<br>- Total Deposits increased by 9.53% to Rs 3,77,722 crore.<br>- Gross Advances climbed by 14.71% to Rs 2,39,646 crore on a YoY basis.<br>- The Bank's Credit to Deposit (CD) Ratio improved to 63.60%, showing a growth of 283 basis points.<br><br>Asset Quality:<br>- Gross Non-Performing Assets (NPAs) ratio improved significantly to 4.50%, marking a reduction of 435 basis points.<br>- Net NPA ratio saw an improvement too, reaching 1.27% which is an 82 basis points improvement.<br>- The Bank's Provision Coverage Ratio increased to 93.73%, registering a 201 basis points improvement.<br><br>Capital Adequacy & Liquidity:<br>- The Bank's Capital Adequacy Ratio (CAR) as per Basel III norms improved to 14.74%, with a Common Equity Tier 1 ratio at 12.17%.<br>- The Liquidity Coverage Ratio (LCR) was reported at 231.92%.<br><br>Branch Network:<br>- The Bank maintains a PAN India presence with a network of 4494 branches, with 65.29% situated in rural and semi-urban areas. Additionally, there are 4,083 ATMs and 11,207 BC Points, making a total of 19,784 touch-points across the country.<br><br><br><br><br><br><br><br>Result PDF
Central Bank of India announced Q2FY24 results:<br><br>I. Financial Results:<br>1. Total Business growth of 11.51% to Rs 6,02,284 crore in Q2FY24<br>2. Total Deposits increased by 8.21% to Rs 3,71,252 crore in Q2FY24.<br>3. Gross Advance rose by 17.26% to Rs 2,31,032 crore in Q2FY24.<br>4. Credit to Deposit (CD) Ratio improved to 62.43% in Q2FY24.<br>5. Gross NPA improved to 4.62% in Q2FY24.<br><br>II. Profitability:<br>1. Net Profit grew by 90.25% to Rs 605 crore in Q2FY24.<br>2. Operating Profit increased by 13.47% to Rs 3,369 crore in Q2FY24.<br>3. Net Interest Income (NII) rose by 10.23% to Rs 3,028 crore in Q2FY24.<br>4. Return on Assets (ROA) improved to 0.62% in Q2FY24.<br>5. Return on Equity (ROE) improved to 2.31% in Q2FY24.<br><br>III. Asset Quality:<br>1. Gross NPA improved to 4.62% in Q2FY24.<br>2. Net NPA improved to 1.64% in Q2FY24.<br>3. Provision Coverage Ratio improved to 92.54% in Q2FY24.<br><br>IV. Capital Adequacy:<br>1. Total BASEL III Capital Adequacy Ratio improved to 14.82% in Q2FY24.<br>2. Common Equity Tier 1 ratio stood at 12.14% in Q2FY24.<br><br>V. Branch Network:<br>1. Bank's pan-India presence with 4,489 branches, 4,044 ATMs, and 10,962 BC Points, serving customers across the country.<br><br><br><br><br><br><br><br>Result PDF