Q4 business report from the Central Bank of India: advances up 16%, deposits up 7%

State-owned Central Bank of India on Wednesday (April 2) reported a 10.75% year-on-year (YoY) growth in total business, reaching ₹7.05 lakh crore as of March 31, 2025, up from ₹6.37 lakh crore. Earlier, on March 24, 2025, the lender opened its Qualified Institutional Placement (QIP) after receiving approvals from its Board and shareholders. The bank set a floor price of ₹42.62 per share, following SEBI’s pricing guidelines. In the third quarter, Central Bank of India posted a 34% YoY rise in standalone net profit, reaching ₹958.93 crore. Net interest income (NII) grew 12.31% YoY to ₹3,540.12 crore. Asset quality witnessed improvement, with the gross non-performing assets (NPA) ratio falling to 3.86% from 4.59% in the previous quarter.