Central Bank of India has showcased remarkable performance in Q3 FY25 with significant growth in its Net Interest Income (NII). The results reflect improved efficiency in managing interest income and expenditures.
Net Interest Income (NII) (₹ in Crores):
- Q3 FY25 (31-Dec-2024): ₹3,540.12
- Q2 FY25 (30-Sep-2024): ₹3,410.48
- Q3 FY24 (31-Dec-2023): ₹3,151.85
NII Growth:
- Quarter-on-Quarter (QoQ):
NII increased by 3.80% from ₹3,410.48 crore in Q2 FY25 to ₹3,540.12 crore in Q3 FY25. - Year-on-Year (YoY):
NII surged by 12.32%, up from ₹3,151.85 crore in Q3 FY24 to ₹3,540.12 crore in Q3 FY25.
Key Highlights Driving NII Growth:
- Interest Earned:
- Q3 FY25: ₹8,509.44 crore
- QoQ: Increased from ₹8,202.62 crore in Q2 FY25.
- YoY: Increased from ₹7,809.21 crore in Q3 FY24.
- Interest Expended:
- Q3 FY25: ₹4,969.32 crore
- QoQ: Increased from ₹4,792.14 crore in Q2 FY25.
- YoY: Increased from ₹4,657.36 crore in Q3 FY24.
Central Bank of India reported a net profit (PAT) of ₹958.93 crore for Q3 FY25, reflecting a growth of 5.37% quarter-on-quarter (QoQ) from ₹912.84 crore in Q2 FY25 and an impressive 33.57% year-on-year (YoY) increase from ₹717.86 crore in Q3 FY24. The bank’s gross non-performing assets (GNPA) improved to ₹10,459.89 crore, accounting for 3.86% of total advances, compared to ₹11,604.25 crore (4.59%) in Q2 FY25 and ₹10,786.49 crore (4.50%) in Q3 FY24. Similarly, net non-performing assets (NNPA) reduced to ₹1,554.98 crore (0.59% of total advances), showing a decline from ₹1,673.97 crore (0.69%) in Q2 FY25 and a significant improvement from ₹2,955.57 crore (1.27%) in Q3 FY24.
Total income for the quarter stood at ₹9,738.64 crore, showing a slight decline of 1.07% QoQ from ₹9,843.92 crore in Q2 FY25 but an increase of 6.59% YoY from ₹9,138.93 crore in Q3 FY24. Operating profit for Q3 FY25 was ₹1,961.35 crore, marking a decline of 9.37% QoQ from ₹2,164.93 crore in Q2 FY25 but a marginal growth of 1.59% YoY from ₹1,931.01 crore in Q3 FY24. These results reflect the bank’s ongoing efforts to enhance profitability and asset quality while navigating a challenging economic environment.
Conclusion:
Central Bank of India’s robust NII growth showcases its financial stability and operational strength. With sustained performance in this key metric, the bank is positioned well for continued growth in the coming quarters.
