Central Bank of India reports 29% loan growth in Q1; total business rises 18%

Central Bank of India’s gross advances rose 28.77% year-on-year and 3.01% sequentially to ₹3.55 lakh crore, indicating sustained loan demand across segments.The state-owned lender’s total deposits increased 11.66% from a year ago and 2.34% from the previous quarter to ₹4.79 lakh crore. The bank’s low-cost deposit base also remained stable, with CASA (current account and savings account) deposits rising 11.14% year-on-year and 0.94% quarter-on-quarter to ₹2.23 lakh crore.

Driven by growth in both loans and deposits, the bank’s total business expanded 18.36% year-on-year and 2.63% sequentially to ₹8.34 lakh crore during the June quarter.
Earlier in June, the bank said it is aiming to mobilise over ₹3,500 crore from recovery from bad loans as part of measures to improve its balance sheet during FY27.
“We are having about ₹32,000 crore in technical written-off account. In FY26, the bank recovered ₹2,270 crore from written-off loan accounts. We are expecting ₹2,300-2,500 crore recovery from written off loans during this financial year too and it will play an important role in improvement in our bottom line,” Central Bank of India MD & CEO Kalyan Kumar told PTI in an interview.During the financial year, he said, total recovery should be anywhere between ₹3,500 crore and ₹4,000 crore.

The bank had made total recovery of ₹3,307 crore during financial year ended March 2026.

On April 30, the Central Bank of India reported a 30% drop in net profit, from ₹724.4 crore for Q4FY26, compared with ₹1,033.6 crore in the year-ago period.

However, net interest income (NII) rose 17.8% year-on-year to ₹4,002 crore, reflecting steady growth in its core lending business.