Central Bank of India stock jumps 4% as Q3 net profit rises 34% YoY, NII grows 12%

Central Bank of India reported a strong performance for the Q3 FY25, with a 34% year-on-year (YoY) rise in standalone net profit to ₹958.93 crore, compared to ₹717.86 crore in the same period last year.

The lender’s net interest income (NII) grew by 12.31% YoY to ₹3,540.12 crore, up from ₹3,151.85 crore in the corresponding quarter of the previous year.

Asset quality witnessed significant improvement, with the gross non-performing assets (NPA) ratio falling to 3.86% from 4.59% in the previous quarter.

Similarly, the net NPA ratio declined to 0.59% from 0.69% sequentially, underscoring the bank’s strengthened financial health.

Also read: Indian Overseas Bank Q3 Results: PSU stock surges 5% after profit rises, asset quality improves

Following the results, shares of Central Bank of India surged 3.83% on the NSE to ₹54.80, after touching an intraday high of ₹55.50.