Central bank of india share price

LKP Research's research report on Central Bank of India After incurring losses for six consecutive years (FY16-FY21), Central Bnak returned to profitability in FY22. Furthermore, the bank has been reporting consistent growth in net profit since last six quarters. A bulky provision (Rs30.8bn) made in 4QFY21, continued to safeguard the balance sheet with PCR (calculated) of 72% and PCR (including TWO) of 89%. The bank’s margin (3.4% in the 2QFY23) is in upward trajectory with continuous improvement in CD ratio. On the business front, the bank has been reporting stable credit growth (18.1% YoY and 6.3% sequential jump seen in previous quarter) across segments. The bank’s recoveries are in line with the guidance and we expect the credit cost to be below 1.5% for FY23E. Moreover, the bank has raised capital in FY22 which resulted in the CET -1 of 11.6% (at par). We believe the asset quality hurdles are behind and the bank shall witness gradual improvement in profitability with FY23E ROA/ROE of 0.5%/6.6%. With inexpensive valuation (0.8x PBVPS) we recommend BUY. Outlook On the back of digital lending platform, we expect the bank’s loan book to fatten cautiously at CAGR of 18% over FY22-24E, led by RAM growth. In our opinion, the bank’s credit cost will normalise (1.4%) by FY23E and estimate return ratio ROA/ROE of 0.5% and 6.6% in FY23E. We value Central Bank at 1xFY24E BVPS to arrive at a target price of Rs37. We recommend BUY with a potential upside of 42%. For all recommendat...

NAME P/E (x) P/B (x) ROE % ROA % Rev CAGR [3Yr] OPM NPM NIM % Cost to Income % Interest income to Earning assets % Net NPA % Capital Adequacy Ratio % 13.78 0.79 5.74 0.41 2.87 -9.64 6.54 2.88 47.83 6.30 1.77 14.12 15.52 1.24 8.00 1.11 -0.41 -4.31 17.99 3.45 49.07 6.21 0.92 20.44 16.56 0.54 3.25 0.22 15.33 -10.55 3.85 2.34 44.60 5.81 2.72 15.50 4.78 0.68 15.94 0.81 21.55 -16.90 13.10 2.38 42.63 6.21 1.73 16.68 5.64 0.61 10.80 0.66 30.56 -9.22 10.48 2.57 41.83 6.29 170.00 16.04 Add More Meeting Date Announced on Purpose Details Apr 29, 2023 Apr 26, 2023 Board Meeting Audited Results & Others Jan 18, 2023 Jan 10, 2023 Board Meeting Quarterly Results Dec 26, 2022 Dec 20, 2022 Board Meeting Others Oct 20, 2022 Oct 13, 2022 Board Meeting Quarterly Results Jul 25, 2022 Jul 18, 2022 Board Meeting Quarterly Results • About Central Bank Central Bank of India, incorporated in the year 1911, is a banking company (having a market cap of Rs 23,134.70 Crore). Central Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022. The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending 31-03-2023. For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 8,595.68 Cror...

By Swati Bhat MUMBAI, June 8 (Reuters) - The Reserve Bank of India (RBI) is widely seen holding key rates steady on Thursday but commentary around the future trajectory of interest rates and banking system liquidity will be closely monitored by market participants. The monetary policy committee (MPC), which has three members from the RBI and three external members, is expected to leave the repo rate INREPO=ECI at 6.50% for a second straight meeting. All 64 economists polled by Reuters expect no change. The repo rate has been raised by a total 250 basis points since May last year to quell high inflation which has finally started showing signs of easing. Radhika Rao, senior economist at DBS in Singapore said the decision on holding rates is likely to be unanimous, but the question of whether to maintain the current policy stance, which the RBI terms "withdrawal of accommodation", could be more contentious. The doves on the committee would prefer to close the door on further tightening as inflation has been easing, she said. The monsoon season rains are just starting in India, and their impact on crops will be crucial to trends in food prices. "We expect the stance to be maintained this month as the MPC prefers to stay on wait-and-watch mode to gauge the fallout of weather conditions on the price trend before considering a pivot to easing," Rao said. The commentary around domestic liquidity and the central bank's liquidity management operations in recent weeks will also be a ...

2023 2024 Revenue 130,113 144,122 Dividend - - Dividend Yield (in %) - - EPS 2.20 3.50 P/E Ratio 12.30 7.73 EBIT 54,292 60,137 EBITDA - - Net Profit 19,429 30,087 Net Profit Adjusted - - Pre-Tax Profit 26,450 37,864 Net Profit (Adjusted) - - EPS (Non-GAAP) ex. SOE - - EPS (GAAP) - - Gross Income - - Cash Flow from Investing - - Cash Flow from Operations - - Cash Flow from Financing - - Cash Flow per Share - - Free Cash Flow - - Free Cash Flow per Share - - Book Value per Share 34.00 37.00 Net Debt - - Research & Development Exp. - - Capital Expenditure - - Selling, General & Admin. Exp. - - Shareholder’s Equity 294,696 324,783 Total Assets 4,107,047 4,482,043 Previous Quarter Current Quarter Next Quarter Current Year ending 03/31/23 Next Year ending 03/31/24 Earnings Estimates No. of Analysts - - - 1 1 Average Estimate - - - 2.200 INR 3.500 INR Year Ago - - - - 2.200 INR Publish Date - - - 6/30/2023 - Revenue Estimates No. of Analysts - - - 1 1 Average Estimate - - - 130,113 INR 144,122 INR Year Ago - - - - 130,113 INR Publish Date - - - 6/30/2023 - Date Name Dividend *yield Currency 2022 Central Bank of India - - INR 2021 Central Bank of India - - INR 2020 Central Bank of India - - INR 2019 Central Bank of India - - INR 2018 Central Bank of India - - INR 2017 Central Bank of India - - INR 2016 Central Bank of India - - INR 2015 Central Bank of India 0.50 0.47 INR 2014 Central Bank of India - - INR 2013 Central Bank of India 2.50 3.74 INR 2012 Central Bank of India 2.00 2....

Stock market today: Despite weakness in stock market today, more than 5 banking stocks have hit 52-week high in early morning deals on Monday. Interestingly, these banking stocks have managed to climb to its new 52-week high when Bank Nifty index is in negative zone after near three hours of trade. Out of those banking stocks that have hit 52-week high today, 5 banking shares are state-owned banks. List of those PSU banks that hit 52-week high includes Central Bank of India, Indian Bank, Punjab National Bank, UCO Bank and Union Bank of India. 1] Central Bank of India: Shares of this PSU bank today opened upside and hit fresh 52-week high of ₹26.45 apiece, logging near 12 per cent intraday gain in early morning session. This state-owned bank's stock price has been in uptrend since May 2022. In last 6 months, it has delivered nera 50 per cent return to its shareholders. This PSU stock has risen over 20 per cent in YTD time whereas in last one year, it has surged to the tune of 30 per cent. 2] Indian Bank: This public sector bank share has been climbing to 52-week high on a regular basis. It had hit 52-week high on Friday as well. It had hit fresh 52-week high on Monday, Tuesday and Wednesday last week as well. In fact, the stock has been in uptrend after ushering in 2022. In last six months, it has risen from around ₹155 to ₹275 apiece levels, delivering around 75 per cent return in this time to its shareholdrs. In YTD time, this state-owned banking stock has shot up from 14...