Central Bank of India is among four public sector banks in which the Indian government plans to pare its stake to 75% in the next one year via offer for sale to meet 25% minimum public shareholding, with the greater float expected to improve valuation; the bank was also reportedly shortlisted by NITI Aayog as a privatisation candidate.

Central Bank of India reported its liquidity coverage ratio declined to 155% at the end of the second quarter from 242% a year earlier, indicating depletion of liquidity from a very high level.

Central Bank of India said it detected a technical glitch in its RTGS outward payment system between October 15 and October 17, shut down and isolated the affected systems, engaged experts to investigate the root cause, and confirmed no customer suffered financial loss.

Central Bank of India reported treasury income fell 31.2% to Rs 128 crore and booked a Rs 87 crore loss on revaluation of investments against a Rs 51 crore loss a year ago.

Central Bank of India said it has a corporate loan pipeline of Rs 12,000 crore, comprising Rs 7,000 crore of sanctioned loans to be disbursed and Rs 5,000 crore under process, against a current corporate book of Rs 1.18 lakh crore forming 32% of loans.

Central Bank of India reported a 21.1% year-on-year rise in September quarter net profit to Rs 1,469 crore, supported by 26.3% growth in net interest income to Rs 4,146 crore, 29.8% growth in global advances and improved asset quality with gross NPAs falling to 2.39%.