Central Bank of India (CENTRALBK)
Large CapFinancial Services stocks · Large cap · NSE
Central Bank of India is a public sector bank with over 114 years of operations and a pan-India presence through 22,346 touch points, including 4,605 branches. The bank focuses on retail, agriculture, and MSME (RAM) sectors, alongside corporate credit, serving diverse customer segments across rural and urban areas.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Average · 30/100Rev +13% YoY · PAT +3% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹9,726 Cr | +12.8% | +0.3% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹1,325 Cr | +3.2% | +77.1% |
| PAT margin | 13.6% | -127 bps | +591 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q1 FY27 saw robust global business growth of 18.29% YoY, with advances surging 28.58% YoY. Net profit increased 13.26% YoY to ₹1,324 crores. Asset quality improved significantly, with GNPA at 2.60% (down 53 bps YoY) and NNPA maintained at 0.49%. NIM stood at 3.06%, aligning with guidance.
The bank demonstrates strong operational momentum with significant growth in both deposits and advances, coupled with improving asset quality and profitability metrics. Strategic initiatives in credit expansion, cost control, and digital transformation are underway, supporting the positive outlook.
Advances by Segment
Latest issuer-disclosed distribution across 2 reported categories.
RAM Sector Growth
RAM sector grew by 21.38% (Retail 23.92%, Agriculture 21.14%, MSME 18.03%).
Corporate Credit Opportunities
Corporate credit grew 46.52% YoY (from a low base), with opportunities in renewable energy, data centers, HAM projects, and CRE.
Gold Loan & SHG Segments
Bank is harnessing Gold Loan (₹36,000 crores book) and SHG segments, with dedicated divisions and focus on South India for higher yields.
Fee-Based Income & New Verticals
Focus on non-interest income through centralized forex/BG cells, Bancassurance, and planned wealth management and credit card verticals.
GIFT City Branch
Opened one new branch at GIFT City, Gandhinagar, Gujarat on June 29, 2026, to leverage overseas business.
Specialized Centers & Branches
Opened centralized BG cell, centralized forex cell, 35 customer acquisition centers, and 9 government business centers. Plans for more corporate/mid-corporate branches.
Personnel Deployment
1,000 credit officers undergoing specialized training will join in Oct 2026; 300 marketing officers have been posted.
Strong Deposit Mobilization
New products like Cent Queen (₹1,457 crores mobilized) and Salary Cent Prestige (₹787 crores mobilized) show good traction.
Improved Credit Underwriting
Consistent improvement in slippage ratio (0.29%) and post-disbursement credit monitoring quality.
Optimal Liquidity Utilization
LCR moderated to 156% (from 210%+) and NSFR to 128% (from 147%), indicating optimal deployment of high-quality liquid assets.
Treasury Income Impact
Treasury income for the quarter was ₹276 crores, less than the previous year due to market conditions.
ECL Provisioning Requirement
Total ECL provision requirement is approximately ₹4,500-₹5,000 crores, with ₹1,525 crores already provisioned. Expects 80 bps impact if accounted at once.
Agriculture KCC Slippage
Agriculture KCC contributed ₹200 crores out of total slippage of ₹986 crores, though debt waiver schemes may liquidate these.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison is primary for overall business growth, asset quality, and profitability trends as stated by management. QoQ is relevant for assessing sequential momentum in credit growth and operational efficiency.
Global Business Growth
Total global business grew by 18.29% YoY to ₹833,320 crores.
Gross Global Advance Growth
Gross global advances increased by 28.58% YoY to ₹354,348 crores.
Deposit Growth
Deposits increased by 11.68% YoY to ₹478,972 crores. CASA grew by 11.16% YoY, maintaining 46.61% of total deposits.
Net Interest Margin (NIM)
NIM is 3.06%, above the 3% guidance.
Guidance Adherence
Bank is confident in aligning with market guidance of 11-12% deposit growth and 14-16% advances growth for the year.
Profitability Targets
NIM will remain 3% and above, ROA 1% and above. ROE improved to 14.92%.
Cost-to-Income Reduction
Targeting to reduce cost-to-income ratio by 1.5-1.6% in the coming year through strategic income maximization and cost curtailment.
Recovery Targets
Expecting ₹2,200-₹2,500 crores recovery from technically written-off accounts this year, pursuing OTS and SARFAESI auctions.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Annual Advance Growth | 28.58% YoY (Q1 FY27) | Sustained growth within the 14-16% guidance range for the full year. |
| Net Interest Margin (NIM) | 3.06% | Maintenance of NIM at or above 3%. |
| Cost-to-Income Ratio | 55.40% | Progress towards the targeted reduction of 1.5-1.6%. |
| ECL Provisioning | ₹1,525 crores provisioned out of ₹4,500-₹5,000 crores total requirement | Timely and manageable provisioning for the remaining ECL requirement by April '27. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
40NeutralSMA20 -2.0% / mo · MACD + · near 52W low
Technical chart
CENTRALBKdaily · 1Y · AUTO-17.6%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 51. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~2.1% over last month) — short-term momentum negative.
- RSI(14) at 51 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 24% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 7.6% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.4%.
Valuation & score drivers
U-Score 68 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 68 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 8.3%.
- Fair-value margin of safety is positive at 77.8%.
- Valuation contributes 30/30 to the score.
Main drags
- Altman Z is 1.7, in distress territory.
- Quality is weaker at 2/20; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 76th percentile within Financial Services. Main check: financial discipline is weak at 56/100.
Healthy Trust Lite: Promoter holding is 81.2%. Key concern: Promoter holding fell 8.1%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Financial Services: 76th pctile, median 62 · Large: 41st pctile, median 73
128 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 81.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 8.4%.
- ▸6 years of positive FCF.
Trust risks
- ▸Promoter holding fell 8.1%.
- ▸Altman Z is 1.73.
- ▸ROCE is low at 5.6%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 6.16
- P/B
- 0.69
- EV/EBITDA
- —
- Market Cap
- 28132.00Cr
Profitability
- ROE
- 11.90%
- ROCE
- 5.64%
- ROA
- 0.83%
- Dividend Y
- 3.86%
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- 46.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 39.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- —
- Altman Z
- 1.73
- Book Value
- 45.20
Cash Flow
- FCF Yield
- 8.35%
- FCF Positive Y
- 6/5
- OCF
- 2804.00 Cr
- EPS TTM
- 5.04
Shareholding
- Promoter Hold
- 81.19%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.