On April 3, 2025, Central Bank of India shares were in focus, reaching a day low of ₹35.95 at 11:50 AM after opening at ₹37.19. The fall in Central Bank of India shares came after the bank released its update for Q4FY25.
As of March 31, 2024, the total business amounted to ₹6,36,756 million, which is projected to increase to ₹7,05,196 million by March 31, 2025, reflecting a YoY growth of 10.75%. Total deposits are expected to rise from ₹3,85,011 million to ₹4,12,665 million, showing a growth of 7.18%. The CASA (Current Account Savings Account) percentage, excluding inter-bank deposits, is expected to decrease slightly from 50.02% to 48.91%.
On the other hand, gross advances are likely to grow by 16.20%, increasing from ₹2,51,745 million to ₹2,92,531 million. As a result, the CD (Credit-Deposit) ratio, excluding inter-bank advances, is anticipated to improve by 554 basis points, from 65.59% to 71.13%. As of March 31, 2025, the Central Bank of India has achieved a significant milestone by crossing a ₹7.00 Lakh crore business.
On March 28, 2025, the bank announced that its Board had approved the issue and allotment of 37,04,61,842 Equity Shares to eligible QIBs at the issue price of ₹40.49 per Equity Share, which includes a discount of ₹ 2.13, i.e., 4.99% of the floor price. As a result, the Central Bank of India raised ₹1,500 crore from the QIP.
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Published on: Apr 3, 2025, 12:11 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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