Thank you. Good afternoon, everyone, and thank you for joining post-result conference call of Central Bank of India for Q1 FY '27.

Day from the senior management side, we have with us Shri Kalyan Kumar, MD and CEO, sir, Shri Murali Krishna, Executive Director, Shri Mahendra Dohare, Executive Director, Shri E. Ratan Kumar, Executive Director, and Mr.

Vivek Kumar, Chief Financial Officer. Now, without any further delay, I hand over the call to MD, sir, for their opening remarks, post which we will have a Q&A session.

Thank you, and over to you, sir.

Thank you. Good afternoon.

Today, I am very happy presenting the key facts, key performance of Central Bank of India in Q1, that is 30th June 2026. Our total global business has grown by 18.29%, which is 8,33,320 crore, and deposit increased by 11.68% to 4,78,972 crore.

CASA being remained our actually strong point of Central Bank of India, we maintained 46.61% of total deposit. I would like to mention within CASA, saving account year-on-year has grown by 11.66%, and total CASA has grown by 11.16%.

It shows our presence and trust of our customers in our brand value. Similarly, in advances side, gross global advances increased by 28.58% to 3 3 crore 3,54,348 crore.

CD ratio we have improved to 74.10. Towards the asset quality also, gross NPA stood at 2.60.

There is an year-on-year improvement of 53 basis points. Net NPA we have maintained at 0.49%.

PCR approximately 96 95.86%. Operating profit for the financial year, it is at 2,186 crore.

Net profit for the quarter increased by 13.26% to ₹1,324 crore. Net interest margin is above 3, aligning with our guidance to the market, it is 3.06.

ROA is 1. ROE improved to 14.92% from 14.17%.

Cost to income ratio again it is 50 55.40, June '25 quarter it was 55.30. Slippage ratio stood at 0.29% for this quarter, and where we can mark an improvement of 6 basis points.

Capital-wise also, Central Bank of India is resilient, and CRAR improved to 18.28%, of which tier 1 capital is 16.54%. In that way, another highlight towards profitability which I shared with you, I am happy to share net interest income grew by 15.70% on year-on-year basis, that is to ₹3,914 crore.

Total income for Q1 financial year '27 improved by 3.08% to 10,678 crore. Cost of deposit again it has improved to 4.60 crore, 33 basis point improvement is there.

In that way, I can tell that this cost of deposit has stabilized. Now, again in business side, if I can tell you the RAM sector.

Again, RAM sector grew by 21.38%, and retail grown by 23.92%, and absolute terms it is 1,05,523 crore. Agriculture has grown by 21.14%, that is ₹64,274 crore.

MSME has grown by 18.03%, that is 71,308 crore. RAM and corporate ratio is 68:32.

It is also aligning with our guidance which we have given to market, 65:35 plus-minus 5%. We have maintained credit cost also at 0.40, that there is improvement because previous quarter '25 it was 0.68%.

I am happy to share that Central Bank of India has opened one branch at GIFT City, and that platform we are going to leverage for our overseas business for meeting our customers requirement for overseas business. That already we have inaugurated on 29 June this year only, '26.

Today, Central Bank of India is having pan-India presence with 22,346 touchpoints, with 4,605 branches, and with network of branches in rural-semi-urban it is 65%, and one IFSC banking unit, 3,820 ATMs, 13,890 BC outlets. Also our presence in rural semi-urban, I want to highlight it is reflected in our achievement of priority sector targets also.

Against the mandated 40%, we have actually crossed it, and it is at 58%. Small and marginal farmer 10%, against 10%, we have crossed more than 11%.

For micro enterprises, which is actually really I can tell you the growth engine for our economy, which creates employment, generates income in the lower segment of the society, there, instead of 7.5%, we have crossed 15%. In that I can tell you that Central Bank of India, an organization of 114-plus years of its existence serving nation, in true sense in Bharat, by supporting Indian economy in all these important areas.

CASA, I have already told, we have maintained 46.61%. Term deposit has grown by more than 12%.

In that way, CD ratio from 64% it was in June '25, now our CD ratio has improved to 74%. Liquidity coverage ratio was actually more than 210%, now it is moderated to 40 156%.

In that way, overall improvement in terms of interest income, in terms of growth, in terms of our commitment towards public, we have done this. Also some structural changes I would like to highlight.

We are working on our people, process, and technology. In people side, our 1,000 credit officer who were undergoing training, specialized training for credit, they are going to join us in the first week of October.

We are going to deploy them on our all potential credit centers. We have plan to open more corporate finance branch and mid-corporate branch so that we can play meaningfully in the growth history of Indian banking.

Secondly, for forex side and for improvement in non-interest income side, we have opened centralized BG cell, and centralized forex cell is already operating. We have 159 NRI desk in our different branches, and we are going to market all these products with Central Bank of India is having through our all these strength physical presence and marketing team.

We have hired 300 marketing officers. They are also being posted now.

They have reported, and they are getting posting. We have opened customer acquisition centers at 35 places and government business centers also at 9 places.

Through this, we are actually really coming back into the market with all these structural changes, capability building, process simplification, and technological upgradation. We are actually really see good growth and good profitability in coming years.

Thank you. Now, I am open for questions.

[Hindi?] terms and conditions, [Hindi?]

will be finalized [Hindi?] when the final agreement become?

Ajmera ji?

[Hindi?]

He is not speaking to us, it seems.

Sir, congratulation on excellent performance in the quarter. Sir, unless I missed [little bit the audio?]

, can I get some guidance on growth for the year looking at such high advance? What is the ROA, ROE, NIM guidance?

About the corporate and RAM book, you've given a guidance. Do we see because of GIFT City what kind of pipeline are we likely to generate?

What is a undisbursed corporate loan and retail pipeline looking like? More of a flavor because you are one of the high end of growth in the current quarter where PSU banks in the established results are, we get a better flavor for the coming quarters.

Actually I have given you guidance about composition of our advances, RAM and corporate. Our guidance to market towards resources side 11% to 12% in deposit growth, and 14% to 16% in advances growth.

I am still confident that in the current quarter also we are going to align with this guidance which we have already given to the market. RAM side, retail, agriculture, MSME side, the growth which I have already told that RAM sector grown by 21.38%, retail approximately 24%, agriculture 21%, MSME 18%.

The opportunities are there. Our presence, our network is also very supportive, conducive.

In that way, I am sure that these growth which we have given guidance to the market, we are going to achieve. Major areas in corporate side also, if you can see as of June '25, our corporate book was 76,966 crore, and it has grown to 1,12,770 crore, and growth is 46.52%.

As base was very low, that's why this growth numbers is visible to us. Major areas in corporate side is renewable energy, data centers, and also some projects in HAM side, and good opportunities we are observing.

We are getting good proposals, some CRE proposals also, and these are the areas in corporate side. MSME side also, we are getting good traction.

Agriculture, gold loan and SHG are going to be the growth engine. We have brought in some structural changes also.

Dedicated gold loan division and also SHG division are being opened where head of these verticals will directly work under the guidance of Executive Director. In gold loan segment, total book is 36,000 crore.

Though growth is good as compared to previous year, but still lot of scope is available in terms of our presence in South India, which has very good experience of gold loan. SHG side also, there is growth, but still lot of opportunities are available.

We are going to harness this segment, which are going to be the growth engine for our credit growth. Deposit side already in my earlier address also, I have already conveyed that several products for several customers are available.

I will give you example regarding one product Cent Queen. Actually, very good traction, ₹1,457 crore we have mobilized under Cent Queen.

There is one one product that is salary Cent Prestige, 787 crore we mobilized in that segment. That these things actually act as platform for cross-selling for our retail business: vehicle loan, housing loan, car loan.

In that way, I can tell you that these numbers we will be able to achieve very easily. Now, coming to your ROA and NIM, I have given guidance NIM will be 3 and above, and still we are maintaining.

ROA, 1 and above, that also this time also we maintained, and we are still saying that it will be 1 and above, return on asset. Regarding other, ROE also improved from 14.17% to 14.92%.

In that way, all these efficiency parameters, again business per branches, we are at 185 crore per branch. Per employee business also improved to 24 crore.

In that way, I can assure you not only in growth number, but also in efficiency numbers also, Central Bank of India is progressing towards not only growth, but also resiliency.

Sir, what would be our gross advance undisbursed number today, and where do you see you ending a CD ratio for the year-end, and outlook on treasury and digital spend for the year?

Undisbursed sanction is approximately 5,000 crore. Other NBGs we conduct every week, and there are proposals which we are receiving, but undisbursed as of previous quarter is 5,000 crore.

Regarding treasury income, this time income is 276 crore, and as compared to previous year, it is less. You understand due to market conditions and all it got impacted.

This time our aim for getting more return in investment side also, we are taking initiatives. That side also expecting some moderation and improvement we are expecting.

Sir, any view on ECL provisioning?

ECL actually already we have made provision of stage 1 and stage 2 for ₹1,525 crore. That buffer we are having, and approximately 4,500 to ₹5,000 crore total will require.

For that purpose, I understand our current profit numbers are enough, and CRAR you have seen 18.28% is there. Even though there are provisions we can stagger it to 5 years, but even though we go for one time also, we take hit, then 80 basis point only impact we are expecting.

Due to improvement in credit underwriting qualities and other improvement in credit monitoring mechanism, I am sure that this PD calculation for this numbers will be under control, and we will be easily able to shift to ECL from 1st April '27.

Sir, my last question in this round, sir. What is your expectation for recovery and monetizing the recovery even

for technical written-off books? See, for technical return-off book, we are having 32,900-plus crore in the kitty, and 9,200-odd numbers in our actually normal books.

Absolute numbers I am talking about. We expect if I can tell you last previous years numbers, 1,300, 1,400, 1,700, and ₹2,100 crore we have recovered out of technical return-off account in last few years year-wise I have told you.

This year also, I am expecting from 2,200 to ₹2,500 crore out of this technically return-off account. Approximately in major accounts, we are expecting 235 crore through OTS or liquidation or sale of property, and also another 200 crore we are expecting from NCLT.

Means 500 crore we are expecting from return-off account in this quarter. Apart from that, I would like to tell you regarding one-time settlement in eligible accounts we are pursuing, and also auction of secured assets under SARFAESI Act.

In first quarter, we have sold property and approved OTS in 121 cases out of 810 properties put on auction. In the current financial year, we are targeting to sell 600 to 700 properties against 460 properties in the last financial year.

We are organizing property expos and utilizing services of property consultants so that visibility and marketability of properties get enhanced. In that way, I can assure you that from recovery side this quarter, we are going to achieve the numbers.

Congratulations to Centralites, and best wishes for the year to come.

Thank you.

Congratulations to the management team on delivering another quarter of healthy business growth and continued improvement in asset quality. I just have couple of questions.

The board has approved raising up to around 5,000 crore through equity or Basel III instruments. What is the expected timeline and the preferred route for the capital raising?

Capital raising.

Actually, see, our already CRAR is 18.28% this year, and CET1 is also 16.24%. In that way, we are having enough capital, and to support our growth guidance which we have given to the market, we are having enough capital.

Therefore, there is no any current plan for raising capital.

Sir, the liquidity coverage ratio declined from 235% to 156%, and also NSFR reduced from 147% to 128%, but both remain above regulatory requirements. The fall is very sharp.

Can you elaborate on this, sir?

Actually, first we should understand what is the optimum level for LCR and NSFR, and what is the purpose behind it keeping it high-quality liquid assets for this LCR. To having comfort of having 215% and having CD ratio of 66% or 64% for any vibrant organization and growing organization, it is liability because those high-quality liquid assets and all those things comes with a cost.

Therefore, those things must be deployed optimally so that we can get better return out of it. That's why those were comforts which Central Bank of India was having.

Now, as our CD ratio has increased from 64% as of June '25 to 74% as of June '26, we are leveraging on all these resources available within us. That is good sign to the market that we are optimally utilizing our liquidity.

Still it is as a compared to other organization you can see, those are 130 range in liquidity coverage ratio, you are still above that. As per risk management, whatever is the threshold level, you are still above those levels.

That's why this is a good sign, I would like to tell you.

Sir. Sir, the advances grew at very strong 28.6% year-on-year, ahead of the industry growth.

Voice is not very clear, actually. Yeah.

Is it better, sir?

You can continue. You can speak, no issue.

We are making out.

Sir, advances grew at strong 28% year-on-year, ahead of industry growth. Which segments are driving this growth, and what safeguards are in place to ensure that credit underwriting standards are not diluted?

Actually, if you see, as of June '25, our corporate loan book was ₹76,699 crore. Currently, as of June '26, it is ₹1,12,500 crore.

The growth is 46%, and 46.52% to be precise. This is only due to low-base effect because having 76,966, and from there we have grown to 1,12,770 crore.

That's why, but RAM sector if you see, our growth is 21.38%. Retail has grown by 23.94%, agriculture by 21%, MSME by 18%.

In that way, we are not an outlier. As we are having very small base, that's why it is looking that our growth is more than 28%.

As far as credit underwriting is concerned, I can tell you we have done one analysis that the credit growth after 1st October, 1,22,000 crore was disbursed. Out of that, stress was very very very less, and the slippage ratio it is 0.29 this time.

There is consistent improvement in slippage ratio. I will tell you if we reduce the agriculture KCC numbers which got slipped, 200 crore out of total 986 crore which got slipped, and previous year June '25 it was 989 crore.

That agriculture side 200 crore was the contributor. That debt waiver scheme is coming, and those things will be get liquidated.

If we remove those KCC numbers, then our slippage ratio is 0.19. That consistent improvement in underwriting quality, post-disbursement credit monitoring quality.

In that way, I can assure you that we have very clear-cut control and oversight over this underwriting standards and also this lending processes.

Thank you so much, sir, and best wishes for upcoming quarters.

Thank you, madam.

Hi, sir, good evening. Sir, three, four questions from my side.

Firstly, on the term deposit book, is there any further repricing left of the term deposits which can help you reduce the cost of deposits going forward?

Term deposit almost is repriced now. And 4.60 is the cost of deposit.

Almost it is over now by now. That I can tell you.

In growth side, if you want to know, term deposit has grown by 12% in our bank. Majority are below 3 crore, means retail deposit.

85% of our deposit are under 3 crore segment.

Sir, you said 55%?

85% are below 3 crore.

Understood, sir. Sir, secondly, on the FCNR deposits, how much have we mobilized thus far, and how much do you expect to mobilize till the scheme is available?

FCNR(B) till now we have mobilized 8.4 million US dollar, and we are expecting to mobilize by September 400 million US dollar.

Understood, sir. Sir, and thirdly, on ECLGS scheme, how much have you sanctioned thus far, and how much have you disbursed?

ECLGS sanction numbers actually approximately 4,000 crore. I will just tell you.

Just a minute. Yeah.

Total application actually sanctioned is 34,824, amount is ₹4,646 crore. Guarantee issued is 30,561 accounts, amount is ₹4,353 crore.

Within which disbursement happened in 27,567 accounts, and it is ₹3,693 crore. This is about ECLGS side.

Understood. Sir, and just lastly, you now have a fairly large corporate loan book of ₹1.1 trillion roughly.

What is the average yield on this corporate book in this quarter, June quarter, and what was it in the March quarter? Average yield on the corporate book.

Yield on advances is 7.89, it has improved from 7.78. For corporate yield separately is available, corporate?

Separately, we'll give it.

We'll provide you. Currently, we don't have.

Overall yield on advances have improved to 7.89, previous quarter it was 7.78.

Sir. Just to put the question differently, do you expect the overall yield to go up going forward?

Yes, overall yield will go forward because the RAM side, we are focusing on gold loan, SHG. We are bringing structural changes.

Head of these two division are going to report directly to ED, under guidance of ED they will work. Our physical presence in South India and other upcoming sectors where opportunities for these finances are huge.

There yield is also 8-plus, both in gold loan and SHG side. There we expect that our yield will improve, further improve from 7.89 to anywhere between 8 we are thinking that as of March '27 we will reach up to 8.

Understood, sir. Just one follow-up on the gold loan piece.

These are all MCLR-linked loans on gold loans, or they are EBLR-linked?

Gold loan actually it is based upon, see, gold loan 8.11 is the rate. Both are there.

Both, sir. For agriculture MCLR, and for retail RBLR.

Naturally. For agriculture, it is MCLR-linked, and retail it is non-MCLR, it is external benchmark linked.

Understood, sir. Perfect.

Thank you very much. Those were all the questions I had.

Thank you.

Hello. Good evening, sir.

Thanks for the opportunity. Sir, I have few questions.

First, sir, cost to income, you have given target of less than 56%. In past 3 years we are around somewhere around 58%, 57%.

What are step additional we are taking this year to get it below 56%? Just wanted to know that.

See, this is one of the efficiency area which is our priority. Both towards improvement in income and also cost curtailment, both strategically we are working.

I will talk about the improvement in income. You see our interest income has increased significantly, and NII has grown by more than 15.70%.

Now we are focusing upon non-interest income side where fee-based income we can maximize. We have opened centralized forex cell, we have open centralized BG cell, and in these two areas, we are focusing upon our actually LC/LG business where our own client who are availing these services outside our bank, we are contacting them, we are bringing them.

We are organizing exporter meet, three, four centers we have already organized, and we are going to organize. We have opened NRI cell, GIFT City will also support us in actually ramping up this fee-based and other income.

In that way, for bringing improvement in income, we are having generally life insurance and non-life insurance. In both segment, we are expecting because previous year was establishment stage, now they have been stabilized.

This year, we are expecting good income from those business side. Those are our actually opportunities available to us, there we are going big way.

Also one important intervention, we have opened marketing cell headed by General Manager. And 35 customer acquisition centers we have opened, and 9 government business centers we have opened.

Through these marketing officers, we are going to play big way for mobilizing this insurance business, this LC/LG business through the concept of 1,000 credit officers, we are placing them as relationship manager also for big corporates. In that way, we'll be able to garner better return and bring overall improvement in the income side.

Towards cost curtailment, we have identified different cost centers like from maintenance of cash retention balance to how we can use our ATMs, we can use our currency chest, also how we can actually see our proper utilization of our land bank and also assets, curtailment of expenditure under electricity, water, stationery, all these things in a structured format we are following up, monitoring. These things, I am sure that in coming years, 1.5% to 1.6% every year, I am sure that we'll be able to reduce our cost to income ratio.

Okay. Thank you, sir.

Sir, you mentioned in income part, are we planning to launch any credit cards or other value-added services? Some other banks also started their credit cards.

Any plans for our bank?

Because

we used to have a good portfolio of credit cards earlier. Yeah.

See,

we are having 8.33 crore customer base. Therefore, we have got approval from board for establishment of wealth management vertical, credit card vertical, NRI, and marketing.

We are entering into credit card segment also. We have initiated the steps for establishing these segments and which is very much required for salary accounts and mobilization of other businesses, some premium customers also.

You are right in asking us that this segment also we are entering in near future.

Sir. Sir, in one last question.

Sir, in GIFT City, I think we have disbursed around 7 ₹470 crore right now. Any plans for full year, how much portfolio you want in that from GIFT City?

What kind of yields are we getting there, if you can mention?

See, deposit of $200 million and credit book of $500 million over the next few years we are planning. As on 29 June only it was inaugurated, we are contacting our existing customers and also prospective customers so that we can get good business from this platform.

Sir. Thank you.

Thank you so much. Thank you.

Thank you.

Yeah. I am extremely sorry, sir.

My name had come in the first question itself, but a very urgent another call had come, and I think I disturbed you also for some 5, 10 seconds. I heard most of your discussion, the answers.

Many of the questions have already been answered. I have a couple of specific observations and some questions, sir.

Compliments to you for good set of numbers, very good on profitability front, and many of the other parameters are also met or little beyond than the targets which were given. Having said that, my first thing is, sir, though on annualized basis, our credit growth is 28.58%, the credit growth for the quarter is only 2.85%.

Going forward, in order to reach our performance and our kind of results which we give, how do you plan to increase our loan book in the remaining three quarters, traction, the sanction pipeline, and the mix of corporate and RAM? What do you have in mind and what do you have to say on this, sir?

See, growth actually is not a challenge for Central Bank of India now. We have enough capital, we have enough resources, and the momentum and also credit underwriting quality, post-disbursement monitoring part, all these things we have taken care of.

That actually gives us enough confidence to grow at a faster rate. Resources are available, capital is available, systems and processes are in place, better oversight mechanism are there, which is being reflected in maintaining asset quality, slippage.

In that way, I am still aligning with my guidance which I have given to the market, deposit 11% to 12% and advances 14% to 16%. Very easily we'll be able to maintain this growth rate.

As you told that quarter-on-quarter growth looks actually approximately 3%, so that actually I am sure that these things will be continued because we are getting good proposals in corporate side also. RAM sector also, as I have told you, retail we have grown by approximately 23.9%, agriculture grown by 21%, MSME grown by 18%.

Now with the opening of Gold Cent and SHG cell, the head will directly work under the guidance of Executive Director. This segment we are finding good traction because our presence in South India where these products are very popular, we are entering in those areas with proper branding and proper actually strategy.

I am sure that yield will also improve, as it has already improved, you have seen from our number, yield will also improve and numbers will also improve both RAM segment and also corporate segment.

Sir, some color on this ECLGS, how much is sanctioned and disbursed, and how much total it will help in increasing our loan book?

ECLGS, see, our total applications received on JanSamarth portal was 45,803, amount was ₹5,800 crore. Within which we have sanctioned 34,824 eligible accounts, amount was ₹4,646 crore.

Guarantee issued in the account of 30,561, our amount is ₹4,353 crore. Within which disbursement already done in 27,567 accounts, amount is ₹3,693 crore.

This is the actually data related to ECLGS.

Yes, sir. Sir, there's a old question on this recovery from that old aviation account.

What is happening on that, sir, whether substantial recovery has already taken place in past 1, 1.5 years, or are we expecting because that property sale was also there. Can you give some color on that, sir, Go Air recovery?

We have received ₹515 crore as CGTMSE guarantee. There is a parcel of land, you told, we are putting it on auction.

Again in the month of August, we are going for fresh auction of this parcel of land. That is the recovery in this account, that I want to tell you.

Okay. Sir, something on the progress on our insurance acquisitions, Generali Central Life and Generali Central non-life.

What is the progress there, sir, and how much capital has so far additionally been put in?

See, we have 26% stake in both entities:

Future

Generali Life and Generali Central Non-Life. We have 26% stake, and previous year it was under foundation means establishment was getting done.

Now they are back in the business, and this year we are expecting good amount of income from both life and non-life businesses. Regarding exact amount of capital, I will provide you later.

Currently, I am not having that. You are having that number?

Can you speak? In both, ₹627 crore is the capital invested by us in both the companies.

Ajmera ji,

hope you have heard. Yeah.

Yeah. Sir, one just a small observation on the segment results where there is lot of variations in the quarterly numbers.

Treasury income ₹621 crore as against 353, that is okay, maybe acceptable. In case of the retail book, the profit is ₹1,377 crore against ₹633 crore.

In wholesale book, it is -₹139 crore against ₹284 crore. Unallocated, -₹75 crore against the profit of ₹322 crore.

Is there any change in the segment allocation of the profitability, or it is because of the provisioning, imbalance of the provisioning in the various segments?

Provisioning has actually come down. That is not the case.

That is not the case. What you are saying, it depends upon the numbers or which undergone changes realistically.

Anyway, thanks, sir. Thank you very much.

Thank you.

Yeah. Thank you.

Again, I have actually already conveyed our strategy and also conveyed about the numbers. I can assure all the stakeholders that Central Bank of India is strong fitting in terms of growth, and we have well-laid plan not only for this year, for next year also, and our team is working on those directions.

The steps towards capability building, towards structural changes, and also the strength which Central Bank of India is having in terms of physical presence, in terms of network, in terms of its strength of CASA, and also other interventions which have been taken, I can assure the guidance which we have given to the market, we are going not only going to achieve, but also exceed those numbers. With this, thank you and all the best.

Thank you.