Central Bank of India has informed the Exchange about Credit Rating- Revision
CENTRALBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.1 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICRA has upgraded Central Bank of India's credit ratings on its Basel III bond instruments. The Basel III Tier II bonds (Rs 1,500 crore existing and Rs 1,500 crore proposed) were upgraded from AA- (Positive) to AA (Stable). The Basel III Tier I bonds (Rs 1,000 crore proposed) were upgraded from A+ (Positive) to AA- (Stable). Additionally, ICRA withdrew the rating on Rs 500 crore of Tier II bonds that have been fully redeemed. The upgrade reflects sustained improvement in the bank's solvency profile, capital position, and profitability. Key metrics supporting this include: GNPA falling to 3.18% (from 4.50%), NNPA dropping to 0.55% (from 1.23%), net profit rising to Rs 3,785 crore in FY25 (from Rs 2,549 crore), RoA improving to 0.82% (from 0.60%), and CET I ratio strengthening to 14.73% (from 12.46%). The bank also raised Rs 1,500 crore via QIP in FY25. Government of India continues to hold 89.27% stake in the bank.
This is a positive development for shareholders and bondholders. The rating upgrade signals improved financial health, stronger asset quality, and better profitability, which should boost investor confidence. However, the outlook was revised from Positive to Stable, suggesting ICRA believes further upgrades may not be imminent in the near term.