Central Bank of India — Investor Meet, 22-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Central Bank of India announced its Q2 FY25 earnings, reporting a net profit of INR 913 crores, up 50.91% YoY. The bank achieved 7.07% growth in total business, reaching INR 6.44 lakh crores, with gross NPA at 4.59% and net NPA at 0.69%. Additionally, the bank received CCI approval to acquire substantial stakes in Future Generali's life and non-life insurance segments, enhancing its joint ventures. A robust outlook on net interest income and CASA deposits was emphasized.