Sharp rise in fresh slippages at Central Bank of India across segments

Central bank of India

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26 Aug, 2025 12:21

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PSU lender Central Bank of India has registered fresh slippages from MSME, retail, corporate as well as agriculture segments in its fourth quarter of the financial year 2023-24, the lender informed on April 30.

MV Rao, the MD and CEO of Central Bank shared the details of the slippages during a conference call with analysts. A loan becomes a non-performing asset (NPA) when there is no repayment of interest or principal for a period of 90 days. Banks need to set aside money in the form of provisions to cover for such loans.

Slippages reported by Central Bank in Q4FY24:

The slippage ratio of the bank stood at 0.57 percent as of March 2024, compared to 0.70 percent a year ago. Central Bank has given a guidance of slippage ratio of less than 0.50 percent on a quarterly basis for the current financial year, as per investor presentation.

The gross non-performing assets (NPA) ratio of the bank stood at 4.50 percent, unchanged from a quarter ago and down from 8.44 percent a year ago.

Similarly, the net NPA ratio stood at 1.23 percent as on March 2024, as against 1.27 percent a quarter ago and 1.77 percent a year ago.

In the January-March quarter, the lender had reported a 41.1 percent rise in net profit to Rs 807.34 crore for the fourth quarter of the financial year 2024-25. On a sequential basis, the net profit jumped 12.5 percent.