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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