Live Central Bank of India Share Price Chart

O 60.75

H 60.75

L 60.75

VOL 20553

Central Bank of India Performance

Days Range

Low: ₹60.10
High: ₹63.85
Previous Close ₹61.30
Open ₹60.75
Volume 96,73,181
Day’s Range ₹60.10 - ₹63.85
52W Range ₹25.45 - ₹76.90
Market Cap ₹53,205 Cr

Central Bank of India Fundamentals

ROCE (TTM) 1.21
P/E Ratio (TTM) 21.81
P/B Ratio 1.94
Industry P/E 14.6
Debt to Equity NA
ROE 8.91
EPS (TTM) 2.81
Dividend Yield 0
Book Value 31.58
Face Value 10

Central Bank of India Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Profit before tax910.031,038.1567.171,122.05
Net Profit575.06428.01608.63727.52
EPS in Rs0.680.570.720.85

About Central Bank of India

Central Bank of India was founded and established by Sir Sorabji Pochkhanawala in the year 1911. The bank has a rich history of 112 years, whereby it has transformed every threat into a business opportunity. In 1921, it launched the Home Savings Safe Deposit Scheme to build saving/thrift habits in all sections of society.

After the nationalisation of the bank in the year 1969, it continued its business growth with the launch of innovative banking services. The bank established a merchant banking cell in 1976. In 1989, it started the housing subsidiary Cent Bank Home Finance Ltd., headquartered at Bhopal in Madhya Pradesh. Central Bank of India was listed on BSE and NSE in 2007 after a successful IPO. As of March 2023, the bank recorded 4,493 branches and 3,752 ATMs in services and advances of ₹2,17,779 crore. Central Bank of India won the first prize for outstanding implementation of the Official Language Policy of the Government of India in the Mumbai Metro area for 2015- 2016.

Central Bank of India Business Segments

  • Digital Banking: The bank provides digital banking services such as Internet Banking, mobile banking, BHIM Cent UPI, m-passbook, Cent M-Passbook, etc.
  • Deposits: The bank provides deposit services like any other banking business does. The products and services under the segment include savings bank accounts, current accounts, recurring deposit accounts, etc.
  • Retail Loan: The bank lends money to the retail customers under this business space with the help of loan products such as housing loans, vehicle loans, education loans, personal/gold loans, etc.
  • Agriculture: The bank provides products and services such as Kisan Credit Cards and Agri Gold Loan Scheme to agricultural customers through this business.
  • MSME: The bank provides MSME loans to micro, small and medium enterprises customers under this business space. Other services under this business primarily include business gold loans and a cent-vehicle business.
  • Corporate: The bank deals with corporate customers and provides loans as the only product and services under this segment.
  • Treasury: The treasury segment includes dealing in government and other securities, money market, and forex operations.

The bank has the following subsidiaries:

  • Centbank Financial Services Limited: It is a wholly-owned subsidiary which primarily offers trusteeship services, including Debenture/Security Trusteeship, Executor and trusteeship, and managing private/charitable trusts.
  • Cent Bank Home Finance Limited: Central Bank of India holds a 64.40% stake in the company as of March 31, 2023. The company primarily provides home finance services and has grown its Assets Under Management (AUM) to ₹1,415.50 crore as of March 31, 2023.

Corporate Action

There are no records of corporate action.

Central Bank of India Management Outlook

  • Looking forward, the bank is focused on technological transformation to leverage its customer base and drive future growth. The bank believes that the ongoing efforts in technology enhancement are likely to yield results in the future.
  • The bank is maintaining a strong focus on asset quality, aiming for credit costs below 1%. The bank plans to mitigate risks and ensure a balanced credit portfolio, focusing on the importance of maintaining strong corporate and MSME books.

Central Bank of India SWOT Analysis

Strengths

  • Diversified revenue streams.
  • Improving non-performing assets (NPAs).

Weaknesses

  • Negative free cash flows.
  • Major loan book owed to corporate customers.

Opportunities

  • Growing digitalisation.
  • Increase household income.

Threats

  • Interest rate risk.
  • Growing small loan providers.
Parent Organisation GoI - PSB
Founded 1911
Managing Director
NSE Symbol CENTRALBK

Central Bank of India Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Indian Bank ₹69,355.18

518.05

3.50 (0.68%)

509.9 - 519.4View Peer Comparison
Bandhan Bank Ltd ₹28,345.02

174.4

1.55 (-0.88%)

173.1 - 175.8View Peer Comparison
UCO Bank ₹63,486.14

53.9

0.75 (1.41%)

52.35 - 55View Peer Comparison
Federal Bank Ltd ₹37,765.90

152.95

2.05 (-1.32%)

152.3 - 154.3View Peer Comparison
Bank of India ₹63,191.03

138.6

0.15 (-0.11%)

137.05 - 139.9View Peer Comparison

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Central Bank of India FAQs

What is the Share price of Central Bank of India (CENTRALBK)?

Central Bank of India (CENTRALBK) share price as of April 16, 2024, on NSE is Rs 62.55 (NSE) and Rs 62.20 (BSE) on BSE.

Can I buy Central Bank of India (CENTRALBK) shares?

Yes, You can buy Central Bank of India (CENTRALBK) shares by opening a Demat account with Angel One.

How do I buy Central Bank of India (CENTRALBK) from Angel One?

Central Bank of India (CENTRALBK) share can be brought through the following modes:
  1. Direct investment: You can buy Central Bank of India (CENTRALBK) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Central Bank of India (CENTRALBK) shares.

What is the total Asset of Central Bank?

The total asset of the Central Bank is Rs. 387,435 crores.

What is the main business of Central Bank?

The main business of the Central Bank is to provide commercial banking services. It offers loans to agriculture and MSMEs, as well as offers housing, education, and vehicle finance.

Who are the promoters of Central Bank?

The main promoter of the Central Bank is the President of India with a 93.08% shareholding.

How many branches does Central Bank have?

Central Bank has 4,528 branches, out of which 1,604 are in rural areas, 1,330 in semi-urban areas, 783 in urban areas, and 811 in metro areas as on 30th June 2022.