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Central Bank of India opens QIP at ₹42.62; shares gain 3.77%

Synopsis:

Central Bank of India opened its QIP at ₹42.62 per share, with a potential 5% discount. Shares gained 3.77% on BSE, closing at ₹46.85. Net profit surged 34% YoY to ₹958.93 crore, driven by strong financial performance.


State-owned Central Bank of India opened its Qualified Institutional Placement (QIP) on March 24, 2025, following approvals from its Board and shareholders. The bank has set a floor price of ₹42.62 per share, as per SEBI's pricing formula. The lender reserves the right to offer a discount of up to 5% on the floor price. The final issue price will be decided in consultation with the book-running lead manager. Shares of Central Bank of India ended at ₹46.85 on the BSE, gaining ₹1.70 or 3.77%, reflecting positive investor sentiment.

The bank reported a 34% year-on-year (YoY) increase in standalone net profit for the third quarter, rising to ₹958.93 crore compared to ₹717.86 crore in the same period last year. The net interest income (NII) grew by 12.31% YoY to ₹3,540.12 crore, up from ₹3,151.85 crore in the previous year. Asset quality saw significant improvement as the gross non-performing assets (NPA) ratio fell to 3.86% from 4.59% in the previous quarter, while the net NPA ratio declined to 0.59% from 0.69%, indicating improved financial health.

Also read: SBI Life Insurance gets ₹352.50 crore tax demand, plans to appeal

CENTRAL BANK OF INDIA

Trade

37.06-0.79 (-2.08 %)

Updated - 30 April 2025
37.64day high
DAY HIGH
36.90day low
DAY LOW
7804999
VOLUME (BSE)

Key Takeaways

  1. Central Bank of India opened QIP on March 24, 2025, with a floor price of ₹42.62.

  2. Shares gained 3.77% on BSE, closing at ₹46.85.

  3. Net profit rose 34% YoY to ₹958.93 crore in Q3.

  4. Net interest income increased by 12.31% YoY to ₹3,540.12 crore.

  5. Asset quality improved with a fall in gross NPA to 3.86% and net NPA to 0.59%.

Also read: UCO Bank QIP Opens at ₹36.07 Per Share; Aims to Raise ₹2,000 Crore

Financial Performance

The Central Bank of India has shown a remarkable improvement in financial health, backed by a strong rise in net profit and reduced non-performing assets. The steady growth in net interest income and significant decline in both gross and net NPAs reflect effective financial management. Investors have responded positively, as the Central Bank of India share price surged 3.77% on BSE.

Metric

Q3 FY2025

Q3 FY2024

Change (%)

Net Profit

₹958.93 crore

₹717.86 crore

+34%

Net Interest Income (NII)

₹3,540.12 crore

₹3,151.85 crore

+12.31%

Gross NPA Ratio

3.86%

4.59%

-0.73%

Net NPA Ratio

0.59%

0.69%

-0.10%

Central Bank of India Share Price

₹46.85

₹45.15

+3.77%

The Central Bank of India's move to open QIP at a floor price of ₹42.62 per share indicates its intention to strengthen its capital base. With a robust quarterly performance and enhanced asset quality, the Central Bank of India share price reflects positive sentiment. Investors are closely monitoring the developments, considering the improved profitability and promising outlook of the bank.

Also read: DGTR Recommends Anti-Dumping Duty on Pretilachlor and Acetonitrile

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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