Central Bank of India announced reaffirmations and assignments of ratings from both CARE Ratings Ltd. and CareEdge Ratings, concerning its Certificate of Deposits totaling Rs. 20,000.00 crore, which received a reaffirmed rating of CARE A1+; CARE Ratings also assigned ratings to several individual Certificate of Deposit tranches ranging from Rs. 25 to Rs. 10,300, all carrying a CARE A1+ rating, alongside assigning a rating to equity for a Qualified Institutional Placement (QIP) of Rs 1,500 crore planned for March 2025, while CareEdge Ratings anticipates continued government support and expects the bank to maintain its Net Interest Margin (NIM), and the bank’s board approved raising capital of Rs 7,000 crore through Basel III instruments in FY27, with key financial indicators as of June 30, 2026, showing a Total Capital Adequacy Ratio (CAR) of 18.28%, a CET 1 and Tier I CAR of 16.54%, a GNPA ratio of 2.67%, an NNPA ratio of 0.49%, and a Provision Coverage Ratio (PCR) of 81.86%.
