Central Bank of India has reported a 32.8% rise in fiscal second-quarter net profit to Rs 1,212.8 crore compared to Rs 912.8 crore a year ago.

The state-owned lender’s net interest income (NII) fell 3.7% year-on-year to Rs 3,282 crore for the quarter ended September 2025 from Rs 3,410 crore in the same quarter last year. 

Net interest margin (NIM) was under pressure and stood at 2.89% in the September quarter, from 3.41% a year earlier.

Bad loans

The bank’s gross non-performing asset (NPA) improved to 3.01% as of Q2 FY26, compared to 4.59% a year ago and 3.13% a quarter ago.

Net NPA fell marginally to 0.48% from 0.49% in the preceding quarter and 0.69% a year ago.

The provision coverage ratio stayed at 96.88%.

Total biz at Rs 7.38 lakh crore

The bank’s total business grew by 14.43% to Rs 7.38 lakh crore as on 30 September 2025, from Rs 6.45 lakh crore.

Loan growth

The loan book rose 16% YoY to Rs 2.93 lakh crore as on 30 September 2025.

Deposits

Total deposits rose 13.40% YoY to Rs 4.44 lakh crore.

CASA (current account savings account) ratio fell to 46.83% from 48.93% last year.

The bank has declared a 2% interim dividend for FY26.

Co-lending with Godrej

Separately, Central Bank of India has announced a co-lending partnership with Godrej Housing Finance for housing loans. This is part of the bank’s plans to expand its retail loan book.

Under this, Godrej Housing Finance will originate and process housing loan proposals based on jointly formulated credit parameters and eligibility criteria. 

Central Bank of India will take up to 80% of the home loans on its books under mutually agreed terms. Godrej Housing Finance will service the loan accounts throughout their lifecycle.