'Central Bank of India conducted a concall on 20 January 2025
to discuss the financial results for the quarter ended December 2024 and
prospects of the bank. MV Rao, MD&CEO of the bank addressed the call:
Highlights:
The bank has recorded 8% growth in the business volumes to
Rs 6.68 crore end December 2024, driven by 13% growth in the advances to Rs 2.7
lakh crore, while the deposits rose 5.3% to Rs 3.97 lakh crore end December
2024.
The loan growth is driven by retail loan growth at 16%,
agriculture 15% and MSME at 24%. Within the retail loans, housing loan growth
was strong at 19%.
CASA deposits rose at a higher pace of 5.7% to Rs 1.95 lakh.
The CASA deposits growth is higher than the overall deposits growth. The CASA
deposits ratio of the bank was one of the best at 49.18% end December 2024.
The bank has substantially reduced GNPA ratio to 3.86% and
NNPA ratio to 0.59% end December 2024.
Provision co...
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