This PSU Bank pays Rs 969.64 Crore Dividend to Government of India for FY26

The Indian government received a dividend of Rs 969.64 crore from the Central Bank of India for FY26. For the fiscal year 2025–2026, the Central Bank of India announced and paid its fourth interim dividend at a rate of 6%. As a result, the bank's total interim dividend for FY 2025–2026 has reached 12%, with the first three quarters of the fiscal year seeing the declaration of a 6% interim dividend. The Government of India would get ₹969.64 crore in total dividend payments for FY 2025–2026.

Shri Kalyan Kumar, Managing Director and CEO of Central Bank of India, along with Executive Directors Shri M. V. Murali Krishna, Shri Mahendra Dohare and Shri E. Ratan Kumar, today presented the fourth interim dividend cheque of ₹484.82 crore payable to the Government of India to Union Finance Minister Nirmala Sitharaman at the Ministry of Finance in New Delhi. The cheque presentation ceremony was also attended by Smt. Shalini Pandit, Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India, and Shri Shishram Tundwal, General Manager, Central Bank of India.

Banks pay dividends to distribute a part of their profits to shareholders. When a bank earns a profit, it does not keep the entire amount for itself. A portion of the profit may be paid to shareholders as a dividend, while the remaining amount is retained for business growth, capital requirements, and future operations. In the case of public sector banks, the Government of India is usually the largest shareholder. Therefore, when a bank declares a dividend, a significant portion of the dividend is paid to the government. Dividend payments also reflect the bank’s strong financial performance and provide income to shareholders for their investment in the bank.

The Government shareholding in Banks is as follows:

Bank Name	Govt Stake (Dec 25)	Govt Stake (June 24)
State Bank of India	55.50%	57.54%
Canara Bank	62.93%	62.93%
Bank of Baroda	63.97%	63.97%
Punjab National Bank	70.08%	70.08%
Bank of India	73.38%	73.38
Indian Bank	73.84%	73.84%
Union Bank of India	74.76%	74.76%
Bank of Maharashtra	73.60%	86.46%
UCO Bank	90.95%	95.39%
Central Bank of India	89.27%	93.08%
Indian Overseas Bank	92.44%	96.38%
Punjab & Sind Bank	93.85%	98.25

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RBI Imposes Penalties on 3 PSU Banks – Union Bank of India, Bank of India(BoI) and Central Bank of India

Union Bank of India, Bank of India, and Central Bank of India are three public sector banks that have been penalized by the Reserve Bank of India (RBI). 

Union Bank of India was penalized by the RBI Union Bank of India has been fined ₹95.40 lakh by the Reserve Bank of India (RBI). The bank was penalized for violating RBI regulations pertaining to automating asset classification procedures and minimizing client liability in unauthorized electronic transactions. 

RBI discovered the following problems after reading the bank's response and hearing its justification: 

Following reports of unauthorized activities, the bank failed to credit funds to clients' accounts within ten working days. Customers could not report unauthorized transactions to the bank around-the-clock.

For certain KCC accounts, the bank employed manual intervention in system-based asset classification. 

Bank of India was fined ₹58.50 lakh by the RBI for failing to comply with regulations pertaining to Priority Sector Lending and interest on deposits. 

Following examination and analysis, RBI discovered the following problems:

For minor priority sector loans up to ₹25,000, the bank imposed additional fees (such as processing and inspection expenses). Certain term deposits were not paid interest by the bank until they were repaid after they matured. 

The Central Bank of India was fined ₹63.60 lakh by the RBI for failing to comply with KYC and basic savings account regulations. Following examination, RBI discovered:

The bank did not upload KYC details of some customers to the Central KYC Registry on time.

The bank opened multiple basic savings accounts for customers who already had such accounts.

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Central Bank of India Q3 net rises 32% to ₹1,263 crore

Central Bank of India for the third quarter ended 31 December 2025 reported 32% growth in net profit at Rs.1,263 crore as compared with Rs.959 crore in the year ago period. Net Interest Income (NII) for the quarter declined 1.07% to Rs.3,502 crore.

Total business grew by 15.77% to Rs.7,74,106 crore from Rs.6,68,686 crore. Net Interest Margin stood at 2.96%.

The bank’s Gross NPA stood at 2.70%, from 3.86%, registering an improvement of 116 bps. Net NPA stood at 0.45%, from 0.59%, registering an improvement of 14 bps. Provision Coverage Ratio (PCR) improved to 96.69%, from 96.54%, an improvement of 15 bps, the bank said in a filing.

Total business of the bank, stood at Rs.7,74,106 crore as on December 31, 2025, as against Rs.6,68,686 crore a year ago, up 15.77% YoY. 

Total deposit grew 13.24% YoY to Rs.4,50,575 crore as on December 31, 2025. Gross advances increased 19.48% on YoY to  Rs.3,23,531 crore as on December 31, 2025. 

“RAM (Retail, Agriculture & MSME) business grew by 17.89 %. The individual sector wise growth stood at 20.93 % (Rs.96,652 crore), 15.41% (Rs.59,176 core) & 15.90% (Rs.67,338 crore), respectively,” it said. 

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Central Bank of India’s Q2 profit rises 33%

In the second quarter (Q2FY26), the Central Bank of India (CBoI) reported a 33% year-over-year (y-o-y) increase in standalone net profit at ₹1,213 crore. 

The bottom line was bolstered by a sharp decline in total provisions, including those related to income tax, restructured accounts, and non-performing assets. In the previous year, the public sector bank posted a net profit of ₹913 crore. For FY26, its board authorized a second interim dividend of 2%, or ₹0.20 per equity share with a face value of ₹10.

The profitability in the reporting quarter came despite decline in both net interest income and other income.Net Interest Income (interest earned less interest expended) dipped about 4 per cent y-o-y to ₹3,283 crore in Q2FY26 (₹3,410 crore in Q2FY25).

Other income, comprising fee-based income, treasury income and other non-interest income, declined about 8.50 per cent y-o-y to ₹1,507 crore (₹1,647 crore).

Net Interest income was down 52 basis points from 3.41 per cent in Q2FY25 to 2.89 per cent in Q2FY26.Gross non-performing assets (NPA) position improved to 3.01 per cent of gross advances as on September-end 2025 against 4.59 per cent as on September-end 2024.

Net NPA position too improved to 0.48 per cent of net advances against 0.69 per cent.Loan loss provisions declined 58 per cent to ₹143 crore (₹340 crore).

Total provisions, including towards loan loss, restructured accounts and income tax, were 54 per cent lower at ₹573 crore (₹1,252 crore).

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PSU Bank's 144 CASA Target: Are Employees Getting Pressured by Anniversary Campaigns?

 

In honor of Sir Sorabji Pochkhanwala, the founder of the Central Bank of India, the Meerut Regional Office has started a "Birthday Special CASA Campaign" to commemorate his 144th birthday. During August 2025, each branch is required to open 144 new CASA (Current Account & Savings Account) accounts as part of the program. 

 The "Celebrating 144 Years of Legacy with 144 CASA accounts per branch" campaign lays out several steps to meet the goal:

• Pledge by each branch to open 144 new CASA accounts (Cent Vyavasay, Cent Queen, and Regular CASA).
• At least 25 accounts to be opened through TAB in each branch for campaign qualification.
• “Vyavasay Darbaar” events in market areas to engage traders, service providers, and professionals.
• “Cent Queen Connect” women‑centric camps with special CASA helpdesks at beauty parlours, hospitals, boutiques, and ladies’ clubs.
• Recognition and awards for top performers.

Employee union sources in the industry have previously expressed concerns about similar high-volume anniversary or commemorative targets, describing them as a source of undue stress and unrealistic expectations, despite the bank's description of the campaign as a tribute to its founder's legacy and customer relationships. 

Similar target-driven initiatives in other banks have recently generated discussion about the effects of aggressive account-opening drives on people's lives and work-life balance. According to staff representatives, these initiatives frequently put frontline staff under undue strain, particularly in locations where the majority of citizens already have active bank accounts.

Social Media Reactions of Employees After the announcement, a number of bankers vented their annoyance on social media about the target of 144 CASA accounts. Many characterized it as demoralizing and unworkable, pointing out that while higher-level offices concentrate on ceremonial events, branch staff are frequently burdened with such efforts. 

Rather than recognizing employees' accomplishments with appropriate incentives, others criticized management for ignoring staffing shortages, establishing unrealistic expectations, and utilizing commemorative dates to impose additional burden. Some cautioned that this type of ongoing strain can be detrimental to mental health, citing instances in the past where severe stress had disastrous results.

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Central Bank of India Q1 Net profit surges 33%

State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts.

Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.13 percent at the end of the June quarter, indicating an improvement in the bank's asset quality. 

 In the same quarter of the prior fiscal year, the Mumbai-based bank made a net profit of Rs 880 crore. According to a regulatory statement by the Central Bank of India, overall income increased from Rs 9,500 crore in the same quarter of FY25 to Rs 10,374 crore in the June quarter of 2025–2026.

Gross advance increased by 9.97 per cent to Rs 2,75,595 crore from Rs 2,50,615 crore at the end of June 2024.

Similarly, net NPAs, or bad loans, declined to 0.49 per cent, as against 0.73 per cent in the year-ago period.

The bank's operating profit grew to Rs 2,304 crore during the reviewed period from Rs 1,933 crore during the same quarter last year. 

 Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.13 percent at the end of the June quarter, indicating an improvement in the bank's asset quality. 

 Consequently, compared to Rs 1,191 crore in the same period last year, provisions and contingencies decreased by half to Rs 521 crore in the first quarter. The Provision Coverage Ratio (PCR) increased by 85 basis points, from 96.17 percent to 97.02 percent.

Capital adequacy ratio of the bank rose to 17.6 per cent, from 15.6 per cent in the same quarter of FY25.

Total business grew by 10.84 per cent to Rs 7,04,485 crore from Rs 6,35,564 crore at the end of June 2024.

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Central Bank of India Q4 Profit rises 28%

Central Bank of India reported a 28% year-on-year rise in net profit for the March quarter, coming in at ₹1,033.6 crore compared to ₹807.3 crore a year earlier.

Net interest income (NII) fell 4% year-on-year to ₹3,399 crore from ₹3,541 crore. However, total income, including interest and non-interest income, improved by 7.57% to ₹10,433 crore from ₹9,699 crore in the same period last year.

The lender’s asset quality strengthened notably. Gross non-performing assets (GNPAs) declined to 3.18% from 3.86% in the previous quarter, while net non-performing assets (NNPAs) improved to 0.55% from 0.59% sequentially.

Return on assets (ROA) improved to 0.90% for Q4FY25 compared to 0.76% a year ago, while return on equity (ROE) rose to 13.21% from 11.68% during the same period.

The bank continues to maintain a strong nationwide footprint with 20,915 touchpoints, including 4,545 branches—of which nearly 65% are located in rural and semi-urban areas—as well as 4,085 ATMs and 12,260 banking correspondent points.

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Central Bank of India Released Recruitment of Credit Officer for 1000 Posts

 

The formal announcement for the hiring of Credit Officers has been released by the Central Bank of India. 

The Central Bank of India Credit Officer Recruitment 2025 has 1,000 openings in total. The online application process will be available from January 30, 2025, to February 20, 2025. The announcement was made public on January 30, 2025. Applications for the Central Bank Credit Officer Recruitment 2025 are accepted from qualified applicants via the centralbankofindia.co.in website.

Central Bank Credit Officer Recruitment 2025 Important Date

• Apply Online Start Date: 30 January 2025
• Last Date to Apply: 20 February 2025
• Last Date for Fee Payment: 20 February 2025
• Exam Date: To be released

Central Bank Credit Officer Recruitment 2025 Application Fee

• General / OBC / EWS: Rs. 750/-
• SC / ST / PWD: Rs. 150/-
• Mode of Payment: Online

Central Bank Credit Officer Recruitment 2025 Age Limit

• Minimum Age: 20 Years
• Maximum Age: 30 Years
• Age Limit as on 30/11/2024
• The age relaxation will be given as per the rules.

Central Bank Credit Officer Recruitment 2025 Educational Qualifications

Post Name	Qualification
Credit Officer	Graduate (60% UR/EWS, 55% Other)

Central Bank Credit Officer Recruitment 2025 Vacancy Details

Post Name	Vacancy
Credit Officer	1000  (UR-405, SC- 150, ST-75, OBC-270, EWS-100)

Central Bank Credit Officer Recruitment 2025 Selection Process

The Central Bank Credit Officer Recruitment 2025 selection process includes the following stages:

• Written Exam
• Documents Verification
• Medical Test

Central Bank Credit Officer Recruitment 2025 Exam Pattern

Subject	Questions	Marks
Reasoning	30	30
English	30	30
GK (Banking)	30	30
Quantitative Aptitude	30	30
Total	120	120

Central Bank Credit Officer Recruitment 2025 Notification PDF & Apply Online Form Link

Notification PDF	Click Here
Apply Online	Click Here

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Central Bank of India Q3 Net profit surges 33% YoY

On Monday, January 20, the Central Bank of India announced that its standalone net profit for the December 2024 quarter of the current fiscal year (Q3 FY25) increased by 33% year over year (YoY) to Rs.958.93 crore. In the same period previous year, the profit was Rs.717.86 crore. In the meantime, the net interest income increased 12.31% year over year to Rs.3540.12 crore from Rs.3151.85 crore. 

In comparison to the equivalent quarter ended December 31, 2023, when the net interest margin (NIM) was 3.28%, the NIM for the quarter ended December 31, 2024, at 3.48%. During the quarter, the public sector lender's provisions and contingencies decreased to Rs.556.64 crore from Rs.821.98 crore during the same time last year.

Also Read - Quarterly Results of all banks for Q3FY25

Additionally, the number decreased sequentially from Rs.598.06 crore. At the end of Q3 FY25, gross non-performing assets (GNPA) totaled Rs.10,459.89 crore, representing a 3.86% GNPA percentage, down from 4.50% YoY and 4.59% QoQ. At Rs.1,554.98 crore, the net non-performing assets (NNPA) percentage was 0.59%, which was lower than the 0.69% in the September 2024 quarter and the 1.27% in the December 2023 quarter. 

The bank's overall revenue as of December 31, 2024, was Rs.668,686 crore, up 8.31% year over year from ₹617,368 crore the previous year. The total deposits grew by 5.34%, from Rs.377,722 crore on December 31, 2023, to Rs.397,907 crore on December 31, 2024, a gain of Rs.20,185 crore.

As of December 31, 2024, gross advances increased by 12.99% to Rs.270,779 crore from Rs.239,646 crore in the previous year. The RAM (Retail, Agriculture & MSME) division of the bank experienced a 17.99% growth. Retail saw 16.18% (Rs.79,927 crore) increase, agriculture saw 14.83% (Rs.51,274 crore), and MSME saw 23.64% (Rs.58,102 crore).

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Government plans to sale stake in five PSU banks

A Rs.10,000 crore fund-raising plan for five state-run institutions via the Qualified Institutional Placement (QIP) route has been approved by the government.



According to sources, four additional lenders—Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, and Central Bank of India—have been given permission to raise money in addition to the Bank of Maharashtra. According to the sources, these lenders may begin raising money in tiny installments as early as the fourth quarter of the 2025 fiscal year.

"The Department of Disinvestment and Public Asset Management (DIPAM) has also been mandated to sell a stake in these lenders through the Offer For Sale (OFS) route," the sources noted.



By August 2026, the government hopes to have a minimum of 25% of these PSU banks' shares held by the general people. The Department of Financial Services has administrative authority for state-run lenders.



According to the most recent shareholding pattern on the BSE, the government owns 79.6% of Bank of Maharashtra, 98.25% of Punjab & Sind Bank, 96.38% of Indian Overseas Bank, 95.39% of UCO Bank, and 93.08% of Central Bank of India as of the end of the December quarter.Based on the current share price, the excess government stake in these five lenders stands at nearly Rs.50,000 crore.

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Central Bank of India Q2 Net profit surges 51%

State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at ₹913 crore in the second quarter ended September 2024.

The lender had earned a net profit of ₹605 crore in the same quarter a year ago. Total income increased to ₹9,849 crore during the quarter under review, as against ₹8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.

Net Interest Income increased to ₹3,410 crore in the latest July-September quarter as compared to ₹3,028 crore in the corresponding period a year ago.

The bank earned an interest income of ₹8,203 crore during the quarter, compared to ₹7,351 crore in the year-ago quarter.

Net Interest Margin (NIM) in the reporting quarter rose to 3.44 per cent from 3.29 per cent at the end of second quarter of previous fiscal.

Return on Assets (ROA) improved to 0.85 per cent, registering an improvement of 23 bps, over the corresponding quarter of last year.

The bank was able to reduce gross Non-Performing Assets (NPAs) to 4.59 per cent of the gross loans by the end of September 2024, from 4.62 per cent a year ago.

Similarly, net NPAs or bad loans came down to 0.69 per cent, from 1.64 per cent at the end of the second quarter of the previous fiscal.

Provision Coverage Ratio stood at 96.31 per cent, with an improvement of 377 bps year on year.

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Central Bank of India Q1 Profit rises 110%

Central Bank of India on July 18 reported a 110 percent on-year growth in its profit after tax to Rs 879.94 crore in the first quarter of the current financial year.

On sequential basis, net profit rises around 9 percent.

Gross non-performing asset (NPA) ratio of the bank improved a year basis to 4.54 percent as on June 30, as compared to 4.95 percent in a year ago period. However, on a quarterly basis, gross NPA ratio rose marginally. In a quarter ago period, it stood at 4.50 percent.

Net NPA ratio of the bank improved to 0.73 percent as on June 30, as compared to 1.23 percent as on March 31, and 1.75 percent as on June 30, 2023.

Provision Coverage Ratio improved to 96.17 percent, registering an improvement of 394 basis points (bps) over 92.23 percent.

The total business of the grew by 8.97 percent on-year to Rs 6.36 lakh crore in the reporting quarter, from Rs 5.84 lakh crore in a year ago period.

In April-June, total deposits of the rose by 5.93 percent to Rs 3.85 lakh crore from Rs 3.64 lakh crore in a year ago period. CASA Deposits have increased by Rs 8,772 crore to Rs 1.89 lakh crore from Rs 1.80 lakh crore,

reflecting YoY growth of 4.87 percent and having a share of 49.19 percent of total Deposits.

Gross Advance increased by 13.99 percent on-year to Rs 2.51 lakh crore in April-June from Rs 2.20 lakh crore in a similar period last year. Credit to Deposit (CD) Ratio improved to 65.27 percent registering an improvement of 452 bps, from 30th June 2023.

RAM (Retail, Agriculture & MSME) business grew by 18.81 percent. The individual sector wise growth stood at 13.87 percent (Rs 72,469 crore), 15.36 percent (Rs 47,080 core) and 30.20 percent (Rs 52,111 crore), respectively, for Retail, Agriculture & MSME.

Net Interest Income for June 30, 2024 quarter has increased to Rs 3548 crore as compared to Rs 3176 crore for corresponding quarter ended June 30, 2023.

Net Interest Margin (NIM) for the quarter is at 3.57 percent as at the end of June 30, 2024 when compared to 3.43 percent as at the end of June 30, 2023 quarter.

CRAR improved to 15.68 percent, of which Tier I is 13.36 percent, registering an improvement of 126 bps.

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Latest Bank Merger News : 4 PSU Banks likely to be merged

According to sources, the government has formulated its plan for the second round of merger of PSU banks. The government is considering two options for merging four small government banks. To facilitate the merger, changes are being prepared in the Banking Regulation Amendment Act. One option is to merge UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, and Central Bank of India.

The second option involves merging with Union Bank of India, Canara Bank, or Indian Bank according to the banking software. 

The government aims to make these changes in the Banking Regulation Amendment Act to facilitate the merger process. 

The functioning of UCO Bank, Punjab & Sind Bank, Bank of Maharashtra, and Central Bank has shown improvement in the past few years. This is a developing story.

Let us tell you that the government has a 98.25 per cent stake in Punjab & Sind Bank.

While the government has a 93.08 per cent stake in Central Bank, 86.46 per cent in Bank of Maharashtra and a 95.39 per cent in UCO Bank.

The government had announced the merger of 10 public sector banks into four entities in 2019.

This was part of the government's policy to strengthen public sector banks (PSU Bank Mergers) to strengthen their finances for a strong national presence and global reach.

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Central Bank of India Q4 Profit jumps 41%

Central Bank of India on Tuesday reported a standalone a 41.38 per cent jump in standalone profit at Rs 807.34 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24). The bank had reported a net profit of Rs 571.03 crore for the same period last year. Sequentially this was a 12.46 per cent increase from Rs 717.86 crore in Q3.

The bank reported standalone total income at Rs 9,698.74 crore for Q4. This is a 13.2 per cent increase from Rs 8,567.45 crore reported during the year-ago period. Quarter-on-quarter (Q-o-Q) total income rose 6.12 per cent from Rs 9,138.93 crore. 

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The gross non-performing assets (NPA) ratio of the bank remained at 4.50 per cent in Q4, same ratio reported in Q3. This was down 8.44 per cent compared to the same period last year, but the same as the quarter-ago period.

Net Interest Income (NII) increased by 10.34 per cent year-on-year (Y-o-Y) to Rs 12,896 crore for 12 months period that ended on March 31, over corresponding period of last year.

Return on Assets (ROA) improved to 0.76 per cent for Q4FY24 as against 0.61 per cent for Q4FY23. ROA improved to 0.63 per cent at the end of FY24, compared to 0.44  per cent at the end of FY23.

Return on Equity (ROE) also improved to 2.92 per cent for Q4FY24 as against 2.27 per cent for Q4FY23. For the entire financial year, ROE improved to 9.53 per cent over  6.42 per cent at the end of FY23.

For the entire financial year, Central Bank of India reported a standalone net profit of  Rs 2,549.06 crore, a 61.1 per cent surge, compared to Rs 1,582.2 crore reported at the end of FY23.

Total income went up 19.6 per cent at Rs 35,433.51 crore for FY24, compared to Rs 29,625.6 crore reported at end of last year.

Provision Coverage Ratio stood at 93.58 per cent, with an improvement of 110 bps, on Y-o-Y basis, the bank said.

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Central Bank of India Q3 Net profit surges 57%

 Public sector lender Central Bank of India on January 19 reported a net profit of Rs 717.9 crore for the October-December quarter of financial year 2023-24, posting an 56.7 percent rise from Rs 458.22 crore a year ago.

The bank's gross non-performing asset (NPA) stood at 4.50 percent, down from 8.85 percent recorded last year. On the other hand, net NPA for the quarter stood at 1.27 percent, improving from 2.09 percent on a year-on-year basis.

Central Bank of India's net interest income (NII) increased by 14.45 percent to Rs 9355 crore for 9 9-month period ended on December 31, 2023, over the corresponding period of last year.

However bank's Net Interest Margin (NIM) improved to 3.33 percent (6 bps, for 9 month period ended on December 31, 23, over the corresponding period of last year. Bank's total income (Interest Income plus Non-Interest Income) for Q3FY24 improved by 19.68 percent, from Rs 7636 crore in Q3FY23 to Rs 9139 crore in Q3FY24.

Central Bank of India has having pan India presence with network of 4494 branches with 65.29 percent (2934 branches) in rural & semi-urban areas, 4083 ATMs, and 11207 BC Points with total of 19784 Touch Points as of December 2023.

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