Central Bank of India532885Banking
Central Bank of India MD & CEO Kalyan Kumar discussed Q2 results, credit growth of 30%, margin outlook, and plans to more than double the gold loan book to 1 lakh crore by next September
By ScoutQuest · · 1 min read
- Credit growth YoY
- 30 percent
- Deposit growth YoY
- 19 percent
- CASA growth
- 9 percent
- CD ratio
- 75 percent
- FCNR-B raise
- 926 million dollars
Heard on business television between 11:28:20 - 11:31:20 IST.
- Credit growth was approximately 30% year-on-year while deposit growth was 19%, with CASA growing 9%; CD ratio stood at 75%, leaving headroom for growth.
- The bank maintained its business growth guidance of 10-12%, advances guidance of 14-16%, and deposit guidance of 10-12% despite strong credit growth, citing confidence in achieving these easily.
- Cost of deposit was maintained at 4.60% and yield on advances at 7.87%; the bank raised about 926 million dollars (roughly 8,800 crore rupees) via FCNR-B deposits to support liquidity.
- NIM was at 3.01% and guided to remain above 3%, helped by deploying funds in high-yielding gold loans (yield 8.50-8.95%) and by 61% of the book being linked to repo rate benefiting from rate hikes, with deposit repricing lagging.
- The bank plans to grow its gold loan book from about 41,000 crore currently (36,000 crore core lending plus 5,000 crore co-lending/pool) to about 1 lakh crore by September next year, leveraging 686 branches in South India and 116 identified branches for quick gold loan delivery, while maintaining asset quality through technological monitoring.
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Source: Live TV News Channel · 21 Oct 2026
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