Central Bank of India opens QIP; sets floor price at ₹42.62 per share – CNBC TV18

State-owned Central Bank of India on Monday (March 24) stated it has opened its Certified Institutional Placement (QIP) on March 24, 2025, following approvals from its Board and shareholders. The financial institution has set a floor price of ₹42.62 per share, calculated as per SEBI’s pricing components.

As per regulatory provisions, the financial institution could supply a reduction of as much as 5% on the floor price. The ultimate difficulty price will likely be decided in session with the e book-operating lead supervisor.

For the third quarter, the Central Bank of India reported a 34% yr-on-yr (YoY) rise in standalone internet revenue to ₹958.93 crore, in comparison with ₹717.86 crore in the identical interval final yr. The lender’s internet curiosity earnings (NII) grew by 12.31% YoY to ₹3,540.12 crore, up from ₹3,151.85 crore within the corresponding quarter of the earlier yr.

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Asset high quality witnessed vital enchancment, with the gross non-performing property (NPA) ratio falling to three.86% from 4.59% within the earlier quarter. Equally, the web NPA ratio declined to 0.59% from 0.69% sequentially, underscoring the financial institution’s strengthened monetary well being.

Shares of Central Bank of India Ltd ended at ₹46.85, up by ₹1.70, or 3.77%, on the BSE.

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