Central Bank of India Q4FY22 result : NNPA reduced to 3.9%, PAT recovered from loss by 123% to ₹342 Cr YoY

Total Business has increased to ₹ 532404 Crore from ₹ 506886 Crore registering a growth of 5.03 % on Y-o- Y basis. Total Deposits have increased by ₹12719 Crore and stood at ₹ 342692 Crore as on March 31st 2022 as compared to ₹ 329973 Crore as at the end of March 31st , 2021 reflecting increase of 3.85 % on Y-o-Y basis.

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Central Bank of India was established in the year 1911. The bank was the vision of Sir Sorabji Pochkhanawala. Out of 29 states, CBI has presence in 27 states and in 4 union territories. It has a network of 3656 branches and 178 extension counters.

Central Bank of India is an Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India and is one of the oldest and largest nationalised commercial banks in India. It is based in Mumbai, the financial capital of India and capital city of state of Maharashtra. The Bank has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹6,444.82 crore in the quarter ended on March 31, 2022 as against ₹5,744.54 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 12.19%.

The company has posted a consolidated Net Profit of ₹342.26 crore in the quarter ended on March 31, 2022 as against Loss of ₹(1,441.74) crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT recovered by 123.74%.

The status of the EPS of the company stood at ₹0.39 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹(2.45), recovered by 115.92%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4FY21)
Total Income6,444.826,551.105,744.54
Total Expenses4622.775289.035108.09
PBT /(Loss)408.67353.37(2,444.21)
Total Tax /(credit)91.5067.27(1089.57)
PAT /(Loss) [to the owners]342.26282.48(1,441.74)
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹25,870.83 crore in the financial year ended on March 31, 2022 as against ₹25,940.30 crore for the financial year ended on Mar 31, 2021, decreased by 0.27%.

The company has posted a consolidated Net Profit of ₹1,075.79 crore in the financial year ended on March 31, 2022 as against Loss of ₹(1,000.11) crore for the financial year ended on March 31, 2021. The PAT recovered by 207.57%.

The status of the EPS of the company stood at ₹1.31 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹(1.73), recovered by 175.72%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income25,870.8325,940.30
Total Expenses20093.4321341.57
PBT /(Loss)1744.81(1309.01)
Total Tax /(credit)680.31(430.11)
PAT /(Loss)1,075.79(1,000.11)
*figures are in Crores

(III) Key Highlights about the Performance :

Business :

  • Total Business has increased to ₹ 532404 Crore from ₹ 506886 Crore registering a growth of 5.03 % on Y-o- Y basis.
  • Total Deposits have increased by ₹12719 Crore and stood at ₹ 342692 Crore as on March 31st 2022 as compared to ₹ 329973 Crore as at the end of March 31st , 2021 reflecting increase of 3.85 % on Y-o-Y basis.
  • CASA deposit has increased to ₹ 172480 Crore from ₹ 161926 Crore registering a growth of 6.52% on Y-o- Y basis. Share of CASA deposit in total deposit has also improved to 50.58% in Mar’22

Profitability :

  • Net Interest Income (NII) for the F.Y. 2021-22 has improved from ₹ 8245 Crore to ₹ 9487 Crore (15.07%).
  • Net Interest Margin (NIM) for the FY’22 has improved from 2.78% to 3.21 % registering an improvement of 43 bps. During Q4 FY’22 it has improved to 3.26% from 2.04%, during Q4-FY’21.
  • With improved performance, the Bank has earned Operating Profit of ₹ 5742 Crore (25.40%) compared to ₹ 4579 Crore on Y-o-Y basis

(IV) Asset Quality :

  • Standalone Gross NPA reduced from 16.55% to 14.84 % on Y-o-Y basis registering an improvement of 171 bps and from 15.16% to 14.84% on Q-o-Q basis registering an improvement of 32 bps.
  • Standalone Net NPA reduced from 5.77% to 3.97% on Y-o-Y basis registering an improvement of 180 bps and from 4.39 % to 3.97 % on Q-o-Q basis registering an improvement of 42 bps.
  • Provision coverage ratio (PCR) improved from 82.54% for the F.Y. 2020- 21 to 86.69% for the F.Y. 2021-22 registering an improvement of 415 bps.
  • Credit Cost for the FY’22 improved from 2.95 % to 1.41 % on Y-o-Y basis, registering an improvement of 154 bps.
  • Slippage Ratio for the F.Y. 2021-22 stood at 3.20% compared to 4.40% during the F.Y. 2020-21 registering an improvement of 120 bps
ConsolidatedQ4FY22Q3FY22Q4FY21
Gross NPA ₹*28,215.2227,667.4929,338.97
Gross NPA %14.7815.1016.48
Net NPA ₹*6,704.867,114.539,072.18
Net NPA %3.964.375.75
RoA %0.400.33(1.68)
**CAR %13.8414.0912.78
*₹ are in Crores **Capital Adequacy Ratio
central bank q4 results 2022/NPA chart – Market Times

Shares of Central Bank of India Ltd was last traded in BSE at ₹18.40 as compared to the previous close of ₹18.10. The total number of shares traded during the day was 613728 in over 1465 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 18.60
  • Intraday low of ₹ 18.00