Central Bank of India's Credit Rating for Certificate of Deposits Reaffirmed at A1+ by CARE Ratings
CARE Ratings reaffirmed Central Bank of India's (CBI) Certificate of Deposits rating at A1+. The bank's CD limit was enhanced to ₹20,000 crore. The rating reflects GoI support, improved capitalization, and diversified advances. As of March 31, 2026, CAR was 17.91%, GNPA was 2.67%, and NNPA was 0.49%.
The reaffirmation of a strong credit rating and enhancement of the CD limit are positive for the bank's funding capabilities and market perception, but the impact is considered medium as it does not represent a significant change or a major strategic shift.
The credit rating has been reaffirmed at A1+, indicating a stable and strong creditworthiness for the bank's Certificate of Deposits, which is a positive development.
Central Bank of India (CBI) has announced that CARE Ratings Ltd. has reaffirmed its credit rating for the bank's Certificate of Deposits (CD) program at 'A1+'. The bank's CD issuance limit has been enhanced from ₹10,000 crore to ₹20,000 crore.
The rating reaffirmation by CARE Ratings considers the improvement in CBI's capitalization levels, driven by past equity infusions from the Government of India (GoI) and strengthened internal accruals. The rating also factors in the GoI's continued support in terms of funding, management, and governance, along with CBI's long operational track record, established pan-India franchise, diversified advances, and a stable deposit base with a significant CASA proportion.
Recent financial activities include an equity infusion of ₹1,500 crore through a Qualified Institutional Placement (QIP) in FY25. In May 2026, the GoI divested a portion of its stake through an Offer for Sale (OFS) to meet minimum public shareholding norms, reducing its holding to 81.19% from 89.27% as of March 31, 2026.
The rating, however, also takes into account the bank's moderate yet improving asset quality and profitability. CARE Ratings expects CBI to maintain its Net Interest Margin (NIM) by sustaining its CASA mix amidst challenging deposit mobilization conditions. The bank's ability to manage asset quality slippages in the current macroeconomic environment remains a key monitorable.
As of March 31, 2026, CBI reported a Capital Adequacy Ratio (CAR) of 17.91% (CET-1: 15.61%), comfortably above the regulatory requirement of 11.5%. The bank has board approval for raising capital up to ₹7,000 crore in FY27, subject to regulatory approvals. The bank's gross advances grew by approximately 19% in FY26, reaching ₹3,44,516 crore, with a continued focus on retail, agriculture, and MSME (RAM) segments.
CBI's asset quality has shown improvement, with a reported Gross NPA (GNPA) ratio of 2.67% and Net NPA (NNPA) ratio of 0.49% as of March 31, 2026. The bank's profitability for FY26 showed a Profit After Tax (PAT) of ₹4,369 crore on a total income of ₹42,341 crore. The bank's liquidity position is strong, with a Liquidity Coverage Ratio (LCR) of 165.67% and a Net Stable Funding Ratio (NSFR) of 136.91% as of March 31, 2026.
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