Thank you, Iqra. Good evening, everyone, and welcome to Central Bank of India's Q4 FY26 conference call.

From the management today, we have Shri Kalyan Kumar, MD and CEO; Shri Mahendra Dohare, ED; Shri E. Ratan Kumar, ED; and Shri Mukul Dandige, CFO.

We are very grateful to the management for giving us this opportunity to host their post-result conference call. I now hand over the call to the management for their opening remarks, post which we will open the floor for Q&A session.

Thank you, over to you, sir.

Yeah. Thanks a lot.

Good evening, all the investors connected here and my colleagues present in this boardroom. Please accept my heartiest congratulations for the financial results of Central Bank of India as of financial year '26.

In my initial remark, I want to mention that total business of Central Bank of India grew by 15.60% and reached to ₹8,12,439 crore. Deposit also increased by 13.38% to ₹4,67,923 crore.

CASA deposit also stands at 47.30% of total deposit. Major highlight: our saving bank has grown in double digit, 10.05%, and crossed ₹2 lakh crore first time.

Gross advances increased by 18.76% to ₹3,44,516 crore. CD ratio has improved to 73.80.

Gross NPA, it is stood at 2.67% with an improvement of 51 basis points year-on-year. Net NPA stood at .49%, it is an improvement of 6 basis points.

Provision coverage ratio is also at 95.97%. Operating profit for this financial year increased by 4.37% to ₹8,479 crores.

Net profit for the financial year has increased by 15% to ₹8,479 crores. Net interest margin stood at 3.07%, which is a marginal decline.

Here I want to mention, as per the new finance bill, bank has taken a one-time impact of ₹632 crore due to recognition of deferred tax asset at the rate of 25% as against 35%. That's why major ratio got impacted due to above-cited action.

At the cost of repetition, it is one-time impact. Net profit has been impacted and ROA also got down to .56 from .91 for the quarter four as of previous year.

Return on equity also down to 8.43% from 13.40% for Q4 of previous financial year. EPS down to .80% from 1.19% for Q4 of previous financial year.

Similarly, for year-on-year basis also, though year-on-year there is improvement despite taking hit of one-time impact of ₹632 crore, ROA improved to .89% from .86%. Return on equity also improved to 13% from 12.48%.

Cost of income ratio, it is at 58.61%. Slippage ratio, we are able to contain it at 1.16%.

There is improvement of 29 basis points. CRAR improved to 17.91%, out of which Tier 1 is 15.61%.

If we talk about quarter-to-quarter, net profit decreased to ₹724 crore as against year-on-year basis, ₹1,034 crore. This is also due to one-time impact of ₹632 crore, as I discussed earlier.

Operating profit also has shown a growth of 17.74% on year-on-year basis to ₹2,096 crore. Net interest income grew by 17.74% on year-on-year basis to ₹4,002 crore in Q4 financial year '26.

Total income for Q4 financial year '26 improved by 4.63% from ₹10,333 crore for Q4 financial year '25 to ₹10,811 crore for Q4 financial year '26. For profitability for year ended March '26, net profit increased by 15.43% to ₹4,369 crore on year-on-year basis.

Operating profit has shown a growth of 4.37% to ₹8,479 crore on year-on-year basis. Net interest income grew by 1.97% to ₹14,171 crore on year-on-year basis as against ₹13,897 crore for previous year.

ROA improved to .89% from .86%. ROE improved to 13%.

Regarding asset quality also, if I can tell you, before that I would like to highlight business per employee, it has improved to ₹23.89 crore as against ₹21.31 crore. There is improvement here also.

Our RAM, main growth engine—retail, agriculture, and MSME—grew by 21%. The individual sector-wise growth: retail has grown by 25.67%, and Central Bank of India has crossed ₹1 lakh crore mark also, ₹1,03,533 crore.

Agriculture has grown by 17.60%, that is 61,687, and MSME has grown by 17.06%, that is ₹69,351 crore. Similarly, there is improvement of 51 basis points in gross NPA, and we have closed at 2.67% as of 31st March '26.

Net NPA, there is improvement of 6 basis points from previous year to .49%. PCR also stood at approximately 96%.

CRAR, as I discussed, it is 17.91, and what to mention, Tier 1 is 15.61%. In that way, we have very good capital base.

We have declared dividend also. Final dividend is at the rate of 12%, ₹1.20 per equity share.

It is proposed for the year 25-26. It includes all the interim dividend declared and paid at the rate 2% quarterly for previous three quarters.

These were brief about our actually financial results with all the support of our stakeholders and team. In brief, I highlighted our financial results as of 31st March '26.

Now over to you.

Yes, please.

Thank you for giving this opportunity. Sir, my compliments to you, sir, and the entire team of Central Bank for a very good business growth.

Especially the credit growth is phenomenal. Even in this quarter itself, it is 6.49%.

Having said that, sir, we have noted some decline in the profitability. Our even operating profit also has gone down and resulting into the net profit also going down.

Of course, that one-time tax implication is there in that, but in the operating profit also we are down. Similarly, in case of asset quality also, I think maybe it is this quarterly if you look at it, both the gross NPA and net NPA, both in absolute numbers, have gone up.

In fact, this net NPA has gone up even in percentage also gone up. There is some concern on that, even though the SMA quality is maintained.

Sir, my first question or rather I would like to have your comments on are you seeing any stress in the system because of the geopolitical situations or whatever happening around in the globe? Because of that, are even some of the old accounts are also getting slipped because of the slippage is also higher in this quarter?

It's a kind of a mixed quarter, sir. Yeah.

Thank you, Ajmera ji, for your question. You talked about operating profit.

It has grown by 4.37%, but if we compare on quarter-on-quarter basis, yes, actually it was mainly due to two reasons. One was actually regarding AFS mark to market, and that actually if you see treasury income, previous quarter it was more than ₹300 crore and this quarter it is ₹9 crore.

Also recovery in written-off account. You see recovery in written-off account, previous quarter it was more than ₹1,000 crore, ₹1,162 crore, but this quarter it is only ₹352-odd crore.

That were the two main reasons behind actually reduction what you are observing in operating profit side. If you see our net interest income has increased by 1.7% as year-on-year basis, it is ₹14,171 crore.

Net profit, rightly said by you, because we have taken one-time hit of ₹632 crore towards DTA. That is the main reason why our net profit has declined.

Regarding asset quality, actually I would like to tell you, rather we have improved. You see our total slippage ratio of total year is 1.16, previous year it was 1.45.

There is overall improvement in asset quality management because we have corrected our processes and also more improvement in technology side towards getting good alerts and feet on street also integrated with those things. That's why in asset quality side and monitoring side, because we deal with retail business and retail business requires constant monitoring and frequent follow-up, through technology we are taking services of bot also and feet-on-street persons are there, integrated call center is there, and also we are working towards improvement in credit underwriting quality and credit monitoring side also, and reviewing the process of our processing center, branches.

With all these things, we are able to maintain our slippage ratio as 1.16, and in next year our aim is we have given guidance that we are going to keep it less than 1%. Regarding your another question regarding impact of Middle East crisis, till now we have not received any request of customers for any overdue PCs or any post-shipment facility.

Our risk management department is very active towards actually conducting stress testing and portfolio analysis. In that way, there is no stress signal, at least till now, we are witnessing towards our asset quality.

Hope I have answered your question.

Yes, sir. Yes, yes, you answered it very well and those two factors which you explained.

Yes, of course, because today, we get very less time. In fact, earlier the call was at 6:00 and then 7:00, and we just got maybe just 15, 20 minutes only to go through this.

Anyway, you explained it. Thank you very much for that.

Sir, my second question is on the ECL. Now since the ECL guidelines have come out, the final guidelines from RBI, how prepared we are?

Is there some prompt calculation which has been done because we have been preparing it for quite some time? How do you see the impact of the ECL and then how fast you see that the impact can be absorbed without affecting the profitability much?

See, we are actually since last at least one or two years, we are sincerely working towards developing models, improving quality of data, and also our strategy of financing also and containment of slippages and all, which I told. These things are going to really support us in migrating to the ECL side.

As regards our impacting on profitability side, I don't find, looking to our growth and in net profit and profitability, I don't find any challenge in migrating to the ECL framework as of 1st April '27. As regards numbers if you will ask me, though we have till previous quarter ₹1,575 crore additional provision we have made for this purpose.

The actual simulation, depending upon the final guidelines, still we are working on this side. That's why at present I will not be able to tell you the numbers actually which will be required for that purpose.

I can tell you in terms of technological capabilities, simulation, and strategy towards actually all these things which are going to impact ECL, Central Bank of India is fully prepared for migrating to the ECL as of 1st April '27.

No, I appreciate, sir, because final guidelines have just come out. Sir, you all in both your my questions, in answers technology two, three times, four times.

Can we know a little more in detail in technology front what is happening? Can we have quite some if not very detailed, some short report on the technology development and what kind of spending we have done, what kind of budgeting we are planning, and which are the areas which are yet to be covered by the technology by Central Bank of India?

This I will like to provide you offline because currently I am not prepared with the technology and all these things.

Last one, sir, is on the treasury. Treasury front, of course, there was a pressure this year, but now with the things little bit changing, where do you see, or what do you see our treasury contributing start again contributing to the profits in the FY27, sir?

See, we started year by yield of 6.58, then it got down to 6.14, and in March we have closed at 7.03. In that way, it has impacted a lot our profitability this quarter.

At least only ₹9 crore from treasury we got. Looking to the improved condition and situation now, by optimal deployment of this investment portfolio and also IPO market also, previous year also we have got a good amount of profitability, exchange profit.

I am quite hopeful that this year also, looking to the market condition, will be able to optimize return in treasury side also.

Good to know that. If the moderator permits me one more last question, on the credit front, you have done very well.

Now going forward, what are our sanctioned pipeline? Are we prepared?

Up to how much amount are we prepared through our CRAR? Going forward, what are our plans or targets on the credit front, sir?

See, our CRAR is 17.91%, as you have seen,

and

CET1 15.61%. Our capital is not a constraint for meeting our growth aspirations in credit side.

We have given guidance of 14% to 16% in credit side growth, and with the current capital strength, we will be able to meet this expectation aspiration which bank is visualizing. Regarding undisbursed sanction, you see our 68% book is RAM side—retail, agriculture, and MSME.

Since

since November, we have started outreach program. More than 100 places we organized MSME, retail, and agriculture outreach program, and good number of prospective leads, potential business leads we actually mobilized.

With our LLMS and our field team, it is a complete SOP-based outreach program where our people, senior team from head office also went there goes there and mobilizes the proposals and all. That is one area where good traction we have you know our retail growth is more than 20 25%.

Agriculture has grown by 17.60%, MSME has grown by 17.06%. Similarly in corporate side also, our we have reached we are we have closed the book at ₹1,09,950 crore, that is also growth of 14.60%.

In that way, actually we have identified potential branches. In MSME, there are 225 branches, agriculture there are more than 300 branches, and for corporate also, more corporate finance branch we are opening, more MCBs we are opening where trained people, like more than 900 officers we are going to get in the month of October, whom we are going to deploy them at different credit potential branches.

We are also setting up market sales and marketing team, 350% through IBPS we are going to get them very soon in next one or two months. These actually enable us will augment our capability towards achieving the credit targets and all.

Sir. Thank you very much, Kalyan Kumar sahab, with the entire management of the Central Bank.

All the best to you. If time permits, I might come back.

Thank you. Thank you very much, sir.

For that digital, I'll take the numbers offline from you. Thank you, sir.

Thank you.

Sir, congratulations to the team Central Bank of India for excellent and stable results and whatever advice and guidance you're giving, sir. Sir, I want to break up if I miss few things.

I'm looking forward to the next year, that is the current financial, FY27. Can you guide us what is your thought process on deposit, advance, NIM, CASA, RAM and CD ratio, recovery from technical written accounts, digital spend, HR processes, our insurance subsidiary, what kind of recovery are we seeing from technically written off assets?

Your question is bouquet of questions. I will answer one by one.

Mr. Choksey, thanks for the You see regarding first I will answer regarding deposit mobilization.

This time also you see in CASA we have grown by 9.75%, and percentage-wise also 47.30 is our CASA ratio. To achieve this actually our team has worked hard and they designed the products suited to the different segments of the customers.

This was one part which actually really acted well. We tapped the potential of our lead district responsibility.

52 lead district managers, we roped them in and aligned them with these products and all these things so that they can support us in mobilizing CASA deposit. Another important part was our government business cell also, few places we have opened where we got good traction in those area, post MoU with several state governments, railways, and also police forces, paramilitary forces, where we are able to open good number of salary accounts and good balances are being maintained with them because our technological things are also integrated in this model.

Most of the accounts are being opened through tab and which is very much convenient for the customers. If I can tell you regarding term deposit, our growth was more than 14.60 14 14-15%.

There also our growth is very good. Resources is not a challenge for Central Bank of India.

CD ratio in September it was 66. Today in March we have closed at 73.90, approximately 74%.

There is improvement. In coming years actually the expertise which I answered earlier the question of Mr.

Ajmera, hopefully you must be hearing also, there I told that for credit actually Central Bank is now geared up through outreach program, training of 1,000 credit officers. We are providing them other trainings, flagship training credit program, Forex program.

With this, centralized Forex cell also have been established. With this actually, we are really improving or diversifying our different resource portfolio which can support in not only in credit growth, but also improvement in income side also.

Regarding asset quality, you see our slippage ratio we have maintained it at 1.16%. There is improvement from 1.45% as of previous year.

Gross NPA and net NPA also you see, 2.67% is in percentage terms, ₹9,185 crore in absolute terms. For net NPA, it is ₹1,666 crore, and in percentage terms, it is .49%.

There also we are very much comfortable and well aligned with the direct guidance which we have given to the market. Apart from this actually CASA, RAM, containment of slippages, NPA, you asked about actually the profitability side also we are fully geared up with all these interventions.

As we migrated to the new tax regime, there would be benefit of 10%. We have simulated that more than ₹600 crore is going to be the additional income due to migration of this aspect.

Anything else I left?

Sir, thank you for answering the question, but my thinking is that Central Bank is geared up for a lot of betterment in the coming year and the years to come under the tenureship and the leadership along with your team. If I get some kind of advice, will we be doing what the industry is estimating, 12% to 14%, or we'll be better off in deposit, advance, NIM, CASA in the current year or years to come?

That is what I'm looking for because thing is that I see that strength is building up towards betterment. If that is the case, I would like to hear if you can specifically address on those parts.

Yes, actually we are working on the bringing improvement in the processes, investing in people. Yes, you told about HR also.

Investing in people, number of training programs we are providing, the first time Regional 8 program, Leadership Development Program, all these things are also on the card so that our capabilities are built. In technology side also, lot of investments we are making.

That's why we are sure that guidance which we have given for business growth of 14% to 15% for current year, and deposit growth by 10% to 12%, and advances growth by 14% to 16%, we are going to achieve all these guidance which we have given. With the confidence I am talking because the kind of enablements and system improvement, technological integration with business model we have made, we are sure that easily Central Bank of India will be able to achieve all these parameters.

Sir, what would be the balance between RAM and corporate in the current year you're estimating?

See, we have given the guidance of 65:35 plus minus 5%, and we are maintaining this year also. This year 68:32 is the ratio.

We are going to maintain this guidance, 65:35 plus minus 5%,

because

in corporate side we are actually really balancing with the risk and return, and only good-rated customer only we are selecting because looking to our experience of PCA days. In that way, we are very selective in corporate side, but you can see still there is growth in corporate side also, ₹1,09,950 crore, that amounts to 14.50% growth.

Sir, what kind of sanction pipeline and undisbursed credit limits are visible to you today? What is not availed today?

Actually,

that data I am not ready with that now. Actually, I will be able to provide you offline.

Sir, what is the estimate of recovery forecast for current year from return of assets?

Recovery actually see we are having ₹32,000-plus crore in technical written-off account. This year also if you can see, ₹2,270 crore we have recovered in written-off account.

Previous quarter was more than ₹1,100 crore. Similarly, ₹2,200 to ₹2,500 crore easily we can recover from written-off account this year also, and coming two, three years is not going to be a challenge for us.

Sir, Ajmera missed a question which he has been repeated in last eight, nine quarters about the lumpy account of the airline. Where are we as today?

That lumpy account actually process is going on. Previous quarter we received ₹515 crore as guarantee.

Recovery process is going on. We are going for auction and all.

Whatever processes are available, we are going to utilize those processes.

Sir, you are strengthening a lot of HR process and digital and feet on street and a lot of government accounts, which means you're going to do a lot of digital spend. Have we made some kind of a budget for current year for digital spend, sir?

Yes, there is budget for capital budget, it is ₹1,442 crore and revenue is ₹1,276 crore for 26-27, for current year.

Sir, second thing I noticed that you have tied up with a lot of mutual funds for distribution now. With CASA at 47% to 50% range over a period of number of years, I see a lot of income likely to generate from CASA, three-in-one accounts, and distribution capability which you're building.

Are we sensing early benefits of it or it's yet to fructify?

See, two, three things. Actually, we are going to start wealth management division, rightly said by you, and that we are going to establish, and customer relationship concept and also credit card part and also sales and marketing team.

These initiatives we are going to implement in Central Bank of India, which will certainly help us in actually garnering more income, fee-based income, advisory income. Those opportunity will be open for Central Bank of India.

Sir, any highlights on the insurance JV, where are we and how it's shaping up for income side?

See, these are untapped potential for Central Bank of India, both life and non-life. We are having relationship with generally insurance company.

This year also, ₹161 crore total ₹161 crore we got, but it is flat if we compare with the previous year. See, huge opportunity is there.

For that purpose, our team is working that how to leverage upon these tie-up and how we can get more and more revenue and income from these tie-ups.

Sir, you answered that so far there are no indicative signals led by the global mishaps which have led by war, but any indicators on retail or MSME in month of April about collection, any early signals, or everything seems in order?

Till now, actually, I am regularly proactively interacting with my credit monitoring team. Daily morning, the in-charge of the credit monitoring team updates me.

Till now, such kind of slippage, I can give you example of 20th April, it was ₹250 crore, slippage was ₹250 crore because that was the date when that

demand is failed.

Only ₹250 crore, and it is March also and February also approximately this is the numbers of slippages. That's why there is no abnormality or any incipient signal due to the Middle East crisis we are facing.

Sir, thank you for answering all my questions. Good luck for the year and best wishes to entire team of Central Bank of India.

Thank you, Mr. Choksey.

Thank you.

Thank you.

Hi, sir. Good evening.

Sir, first question is on your slippages. I see that your fresh slippages have increased substantially QoQ.

Can you just explain the reason for that?

See, Q4 actually if you compare year-on-year, then Q4 every time there is actually slippages are there.

Agriculture, you can answer.

See, many of these slippages, particularly in MSME, may be attributed to kind of technical. The auditors are seeing that the credit summations are not commensurate with the with the business projections, whereas the unit units are working.

Because most of these branches go under audit in in the quarter of this. That that is one thing.

Secondly, some agriculture accounts have been identified. Woh woh kuch slippages hue.

That that is the only reason why our slippages are ₹1,301 crores as against roughly around ₹800 crores on an average every quarter. Majorly in government-sponsored scheme: Mudra, PMEGP, etc., up to ₹10 lakh.

More slippages were there.

Understood, sir. Sir, second one is on the ECL transition.

I understand that you would want to wait before sharing an impact on the one-time impact, but can you at least comment on what the recurring credit cost can increase by when you transition to the ECL regime?

See, our back-of-the-envelope kind of a calculation for ECL impact was always around ₹4,000 crore, which is very conservative. Out of that, ₹1,525 crores we have already built up.

Now that Reserve Bank of India has permitted that we can take the impact through reserves, bank being sufficiently capitalized at 17.91%, I can easily take the impact on day one. I can easily take the entire impact on day one without any problem.

Secondly, what you are saying is on ongoing basis. Ongoing basis, our estimates are that roughly around ₹600 crores of provisions would be required for the entire financial year on an ongoing basis.

That one one impact that my transition to new tax regime itself is likely to give me a positive impact of around ₹600 to ₹800 crores. These two impacts can easily be balanced.

Sir,

the benefit of ₹600 to ₹800 crores would be on account of what reason?

Because we're going to transition from the old tax regime of 35% to new tax regime of 25%.

Yes, 10% benefit would be there.

That 10% benefit comes to around 700 ₹750 crores.

Got it. The ₹600 crore ongoing credit cost that ₹600 crore is the

increase in ongoing credit cost? Yes, because you see now I'll have to provide for standard assets also based on the PD and other things, na?

Pool ka pool mein whatever is the floor. In many cases, suppose if my thing is very low, still then as per RBI circular, there is a floor below which I cannot go.

Based on all these things, we estimate that around 600 ₹650 crores would be the total financial cost for an ongoing provision, additional ongoing provision. That will be easily balanced out of the new tax regime thing.

In nutshell, actually, I would like to tell you, see, the estimate which you are trying to plan because these things we have not simulated till now that how, but our strategy, see, unsecured loan, we are very cautious in unsecured loan. Also we are improving overall credit underwriting quality.

Also monitoring aspect also being improved. In that way, the impact which we are going to face due to implementation of ECL, we are very proactively and consciously working on those directions.

We are working on the models on which actually we have to see and simulate the kind of things so that we can migrate. One thing I would like to say, as Mukul ji also told you, that our reserves are surplus, capital, we are very well capitalized.

Therefore, migration to ECL is not going to impact us in any significant way.

Understood, sir. Sir, and just lastly, your margin has improved quite a bit in this quarter by 30 basis points, but your yield on advances and cost of funds has not really moved.

How to understand the reason for this increase in NIM?

Yield on advances year-on-year basis if you 8.21%, and in this quarter it is 7.78%. Cost of deposit is actually if you see 4.82%.

In cost of deposit actually reduction of only 2 basis points, but if you see in yield on advances, it is 57 basis points dip. Major reason behind it, actually our more than 60%, 61% rather advances are external benchmark linked part.

That's why impact was huge. Our major advances, as 61% I told you, are external benchmark linked, the rates are immediately actually passed on to the customer.

The deposit get repriced with a lag. That was the major reason behind actually what you are saying.

Currently, actually we are working on these aspects also so that how we can revisit our processes, so that at larger scale our team can handle the sanction, disbursement of retail, agriculture, and MSME side. Also the deposit repricing also will happen in next quarter, it will be completed.

That margin part also will be improved.

Sir, sorry to interrupt, but the question is on the quarter-on-quarter movement in NIM. In spite of all the things you said, the NIM has actually improved by about 30 basis points quarter-on-quarter.

That is the movement I'm trying to understand.

See, there is one item. We got a refund of ₹431 crores as income tax interest.

That has also contributed towards improving the NIM on a quarter-on-quarter basis. This we accounted for in March '26 quarter.

Excluding this item also, the NIM has not been much impacted. It was 2.96 in last quarter, it is around 2.89 or 2.90 in this quarter.

Understood, sir. Perfect.

Thank you, sir. Those were all the questions I had.

Thank you.

Thank you for the opportunity. Sir, can you tell your total say standard asset provisions which are incremental to the IRAC norms?

We are holding around .87 to .88% of total provision on standard assets. This works out to roughly around ₹2,800 to ₹2,900 crores of total standard provision we are holding.

Okay. What will be incremental as compared to what would be required, the gap would be how much, sir?

See, ₹1,525 crores is straightaway the ECL provision,

that

is additional provision. Thereafter, under the earlier 7th June RBI circular, then restructuring also we are holding provisions.

All this put together, we are holding this around ₹2,800, ₹2,900 crore provision.

Okay. Sir, what will be our gold loan book size and what will be the LTV in it and the yield on the same?

Sorry?

What will be our gold loan book, the LTV in it, and the yield on the same?

₹1,10,000 crore? No, no, total gold loan is around ₹28,000

crore. ₹28,000 crore.

Yes. And 8.04 is the

yield. Total yield is

8.04 is the yield. 62%?

52%. LTV is 52%.

Okay. What would be the year-on-year growth in this book, sir?

Year-on-year growth,

gold loan.

It's for Agri, it is 87%. For retail, it is 154%.

For MSME, it is [unclear].

Percentage.

Percentage actually for retail year-on-year growth, it is 157%. Agri, 56%.

Total growth is 88.62%. Yield on gold loans under retail sector is 8.04%.

Okay. Sir, we have kind of industry-leading CASA and our LCR is also industry-leading.

On liquidity side, we are very strong. How do you see because banks would have constraint in terms of deposits going forward and CD rates are also moving up, how do you see your NIM kind of moving in the next year?

See, we have given direction that we are going to remain above 3%. In that way, CASA and rightly said by you, liquidity is not a concern for us.

Previous year, we maintained 210 2 210 actually as liquidity coverage ratio. CD also we have closed by 73.90%.

Ample scope of advances and also liquidity we are having, which can support our growth. Having good CASA base, we have actually good margin also through which we can maintain the NIM side.

Our focus area for this year, current year also and onward, focus upon building upon our strong CASA belt and base, aligning with the customer behavior. We are providing them ample opportunities for actually invest and all through our digital app and all.

Regarding advances, RAM side, where better margins are available, this is focus. Our 68% book as of March '26 is belonging to RAM.

That is also going to continue. We have given 65:35 plus minus 5% guidance.

Therefore, I am sure, confident that we will be able to maintain NIM above 3.

Okay.

No, I'm fine. I am done with my questions.

Yeah. Thanks for the opportunity.

Thank you for asking very good question and giving us opportunity to actually present the numbers and also strategy in front of you all investors. I can tell you that Central Bank of India actually not only we believe in numbers, but also we believe in capability building and also our strategies for main focus towards building CASA, retail, agriculture, MSME, containment of slippages, overall improvement in asset quality.

These are going to be our main focus area. I will be very happy to assure all stakeholders the kind of dividend which we have given this year also and that is going to be maintained.

In that way, thanks for this opportunity and meeting. Anything else?

Yes, please. You can.

Yeah. Thank you.

Thank you, sir, for this opportunity, and sorry for punching this little late. If I take off the two one-off items, which is the tax impact for that provision and then your income tax refund, our net profit would get basically settled at around ₹1,050 crores, if I am right?

For the quarter,

632 and 732. 732 and 632.

724

plus 632 minus 431. So ₹925 crore.

₹925 crore.

What was the tax Yeah. See,

these tax refunds, because we were supposed to make the payment advance tax and all we are making, whereas we were not required to actually pay any taxes because we had the business losses. These, even though it appears as a one-off item, but it has been a regular feature for the last five years, if you can see.

Right from 2021 onwards, we are getting these refunds. This ₹632 crores DTA impact, yes, this I agree that this is actually one-time and this will not be there next time onwards going.

Yeah. In March '25, we had ₹318 crores as other income.

How much income tax refund would have been in that? What would be that component over there?

March '25 quarter, you are saying?

No, year end March '25 in interest income, there is one line item, others, which is ₹318 crores.

Out of that, income tax refund was around ₹280.72 crores.

Okay. Sir.

Thank you so much.

Thank you.