Central Bank of India — Q3 FY26
Central Bank of India reported a strong Q3 FY26 with net profit of ₹1,263 crore (up 31.7% YoY), driven by robust credit growth of 19.48% YoY and improved asset quality.
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
79%Questions answered1Evaded / deflected12Questions auditedConsistentNumbers vs filing
Partial answer
High priority
Will credit growth be robust for FY26 and how will deposit growth catch up?
Asked by Ashok Ajmehira, HCOM
Management gave qualitative assurance but did not commit to a specific deposit growth number or timeline.
no specific deposit growth target givenqualitative assurance only
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Question
shall we take it sir that the credit growth for the whole year whole of the financial year FI 26 will be robust and beyond the advanced credit target of 15 16% given earlier... the deposited growth was muted in this quarter... to get even that 13% target deposit you will have to generate the deposit of almost about 16,000 cr in the remaining this one quarter.
Kalyan Kumar (MD)
I want to assure you in credit side also we have these are not just numbers... we started outreach program... we got very good business leads... I am sure that the target of 1 lakh 13,000 cr plus credit book we are going to achieve... resources side also we don't have any big challenge... we are expecting 20,000 crores through this campaign in Kasa.
Answered
High priority
Why were provisions higher this quarter and will they continue?
Asked by Ashok Ajmehira, HCOM
Management clearly explained the two specific provisions (ECL and employee cost) and stated credit cost is contained.
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Question
provisions have gone up mainly on the one is on the restructured standard restructured book to 346 cr as against 113 cr and also on the standard asset book also the provision has gone up substantially from 30 cr to 150 cr... what is the reason for making the higher provision and whether are we going to have the need for the same in the next quarter also?
CFO (name not stated)
375 crores we have provided for ECL transition... 150 crores proactively we have provided for the permanent use of the employees... these are the two major reasons... provision wise because the credit slippage ratio has been contained that is why the credit cost also has been contained.
Answered
Medium priority
Is the employee cost increase due to revised labor code?
Asked by Ashok Ajmehira, HCOM
Management confirmed the provision and clarified no further material impact expected.
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Question
Sir one thing on the employee cost 160 cr is more than the last quarter. Have you considered this the impact of the revised labor code?
CFO (name not stated)
There also we have proactively provided 150 crores additional that is labor code... the impact of the labor code on the on the new labor code on the on the gra is yet to come... we do not foresee any sizable or any impact at all.
Answered
Medium priority
What is the expected recovery in Q4 FY26?
Asked by Nishita, Sapphire Capital
Management provided a specific number for expected Q4 recovery.
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Question
you mentioned that we did 1,100 cr of recovery in Q3 FY26... can you give a number of how much recovery we can do in Q4 of FY26?
CFO (name not stated)
Q4 madam... expected recovery and upgradation and recovery technical write off it is 94 cr total recovery and upgradation expected in Q4 is 904 cr.
Answered
High priority
Will cost-to-income ratio guidance be achieved in Q4?
Asked by Nishita, Sapphire Capital
Management clearly stated the guidance will not be achieved in FY26 and provided a timeline of 3 years.
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Question
you also mentioned that in kasa nan cost to income we are like we have not achieved our stated guidance. So like do you foresee us achieving our stated guidance in Q4 and like in overall FI26 also?
Kalyan Kumar (MD) and CFO
it may take time actually I can't assure by March 26 because there is pressure on margin... it may another two years to three years it would take to take it below 56%... we are at 57.8% right now... maybe 50 to 100 bps every year like that we will be able to bring down the cost to income ratio by less than 50 it will take three minimum three years.
Answered
Medium priority
Was corporate loan growth led by any particular sector?
Asked by Ishan Gupta, Choice Institutional Equities
Management stated growth is broad-based and provided sanction details.
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Question
the corporate loan book has witnessed a substantial growth of 20% beyond Q. So what was this growth led by any particular end up or it was broad-based?
Kalyan Kumar (MD)
It is broad-based actually... corporate side growth year-on-year growth is 23%... we have given sanctions from head office... it is not limited to any few players or any entities.
Partial answer
Medium priority
Why is MSME growth lagging and what are the drivers?
Asked by Ishan Gupta, Choice Institutional Equities
Management gave growth numbers but did not explain why MSME lagged; only promised future improvement.
no specific reason for laggingdeferred improvement to next quarter
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Question
our retail and agriculture segment is outperforming while MSME segment is lagging behind. So could you explain the drivers for each of these observation?
Kalyan Kumar (MD)
retail we have grown by 20 21%... agriculture also we have grown by 15%... MSME we have grown by 16%... we have initiated steps... identified 225 MSME intensive branches... designed cluster specific products... I am sure that our growth in MSME sector would be better in this quarter four.
Evasive
Medium priority
Why was Kasa growth weaker this quarter?
Asked by Ishan Gupta, Choice Institutional Equities
Management did not address the reason for weaker growth; instead highlighted ratio improvement and future plans.
did not acknowledge weaker growthgave absolute growth instead of sequential comparison
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Question
the kasa growth has reduced this quarter. So what could be the reason for a weaker growth?
Kalyan Kumar (MD)
Kasa we have grown by 8 43% 45%... Kasa ratio also we have improved from previous quarter 47.13% is there previous quarter it was 46.89%... we have launched the AA campaign... we are sure that we will not only maintain but improve our kasa ratio in Q4.
Answered
High priority
What is the expected cost of deposits range in next 12 months?
Asked by Ishan Gupta, Choice Institutional Equities
Management provided a specific range for cost of deposits by June 2026.
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Question
what is the range do you foresee at which the cost of deposits should settle around in upcoming 12 months?
CFO (name not stated)
we expect that by June 2026 the transmission should happen... our cost of deposit should further come down to around 4.65 4.70 kind of a range... it can be in the range of 4.5 4.55.
Partial answer
Medium priority
What were the 150 cr proactive provisions for and credit cost outlook?
Asked by Wun, Share India Securities
Management explained the provision but did not give a clear outlook on credit cost normalization.
did not directly answer if credit cost will revertreferred to slippage guidance instead
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Question
what was the 150 crores proactively that the company has provided for and also the overall credit cost... it has gone up from 0.22% to 0.38%. So do you expected to come back to the open system?
CFO (name not stated)
150 crores proactively we have provided for the permanent use of the employees... credit cost our guidance for slippage ratio is less than 0.35% every quarter... it is within the range of the market guidance that we have given.
Answered
Medium priority
Why did borrowings increase sharply and what is the cost?
Asked by Ash, KC Securities
Management explained the reason and provided the cost range.
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Question
your borrowings have gone up quite sharply. what is the reason for that and what is the cost of these incremental borrowings?
CFO (name not stated)
we are borrowing against those securities at around 5 5.15 5.20 types and those funds we are utilizing towards funding... that is why you see our CD ratio has gone up to 72%.
Answered
Medium priority
Was there a lumpy recovery from TWW accounts?
Asked by Ash, KC Securities
Management provided specific lumpy account details and amounts.
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Question
there was a fairly large recovery from TWW accounts in this quarter. Was there any lumpy account here?
CFO (name not stated)
the major recovery has happened in some accounts. The highest being in B airlines with 515 crores. Thereafter we have received 90.79 crores in one account called ALM industries... recovery in accounts above 1 cr is 890.56 crores.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Net profit of 1263 crores in Q3 FY26 | ₹1,263 cr | ₹1,263 cr | Matches filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.