- Net income for Central Bank of India in Q1 is 8.8 billion rupees, up from 4.18 billion rupees year-over-year.
- Gross non-performing assets are at 4.54%, slightly increased from 4.5% in the previous quarter.
- Total provisions have risen by 68% quarter-over-quarter, amounting to 11.9 billion rupees.
- Interest income is 83.3 billion rupees, showing a 15% increase year-over-year.
- Interest expense has increased by 18% year-over-year, totaling 47.9 billion rupees.
- Other income stands at 11.7 billion rupees, reflecting a 22% increase year-over-year.
- There are no recent buy, hold, or sell recommendations for the bank’s stock.
A look at Central Bank Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Central Bank Of India has a promising long-term outlook as per the Smartkarma Smart Scores assessment. The bank scores high in Growth and Resilience, indicating strong potential for expansion and a solid ability to withstand market challenges. With a Value score of 4, Central Bank Of India also demonstrates good fundamentals. However, its Dividend score of 1 suggests a lower focus on dividend payouts, while its Momentum score of 3 indicates a moderate performance in terms of market momentum. Overall, the bank’s emphasis on growth and its resilience in the face of uncertainties position it well for the future.
Central Bank Of India, a full-service commercial bank with operations spread across India, appears well-positioned in the market. With a balanced mix of strong growth prospects and resilience, the bank shows potential for long-term success. While dividend payments may not be a key highlight based on its low score in that category, Central Bank Of India‘s focus on value and maintaining momentum in the market can contribute to its overall stability and growth. As the bank continues to operate branches throughout India, leveraging its strengths in growth and resilience could drive favorable outcomes for its investors and stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
