Central Bank of India announced that India Rating & Research has upgrade the credit rating assigned to the Bank`s Basel III Tier 2 Bonds to IND AA; Stable. Powered by Capital Market - Live News

Net profit of Central Bank of India rose 48.54% to Rs 923.83 crore in the quarter ended September 2024 as against Rs 621.95 crore during the previous quarter ended September 2023. Total Operating Income rose 11.64% to Rs 8235.34 crore in the quarter ended September 2024 as against Rs 7376.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income8235.347376.82 12 OPM %57.5052.10 - PBDT1577.71567.17 178 PBT1577.71567.17 178 NP923.83621.95 49 Powered by Capital Market - Live News

Central Bank of India will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live News

Central Bank of India has revised its ratings outlook on the tier-II and tier-I bonds (under Basel III) of Central Bank of India (Central Bank) to `Positive` from `Stable` while reaffirming the ratings at `CRISIL AA-/CRISIL A+`. The rating on the certificate of deposits programme has been reaffirmed at `CRISIL A1+`. CRISIL Ratings has also withdrawn its rating on Rs 1,100 crore of lower Tier-II bonds (under Basel II) and Rs 500 crore of Tier II bonds (under Basel III) on the bank`s request as the outstanding against the same is nil. Powered by Capital Market - Live News

Net profit of Central Bank of India rose 90.40% to Rs 942.42 crore in the quarter ended June 2024 as against Rs 494.98 crore during the previous quarter ended June 2023. Total Operating Income rose 15.26% to Rs 8367.01 crore in the quarter ended June 2024 as against Rs 7258.97 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Total Operating Income8367.017258.97 15 OPM %53.1557.04 - PBDT812.091038.10 -22 PBT812.091038.10 -22 NP942.42494.98 90 Powered by Capital Market - Live News