- Central Bank of India’s net income for the second quarter is 9.13 billion rupees, marking a 50% increase year-over-year.
- The gross non-performing assets ratio slightly increased to 4.59% from 4.54% compared to the previous quarter.
- Provisions decreased by 50% quarter-over-quarter, amounting to 5.98 billion rupees.
- Interest income rose by 12% year-over-year to reach 82 billion rupees.
- Interest expense climbed by 11% year-over-year, totaling 47.9 billion rupees.
- Other income significantly grew by 56% year-over-year, reaching 16.5 billion rupees.
- No current buy, hold, or sell recommendations are recorded.
A look at Central Bank Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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, a full-service commercial bank operating across India, faces a mixed long-term outlook based on Smartkarma Smart Scores. With strong scores in Value and Growth factors, the bank demonstrates promising signs of being undervalued and showcasing potential for growth. However, the low score in Dividend and moderate scores in Momentum and Resilience indicate certain areas of concern. While its growth prospects are high, attention may be needed to address dividend payouts, momentum in the market, and overall resilience to economic fluctuations.
Central Bank Of India‘s Smartkarma Smart Scores highlight a company with a solid foundation but notable areas for improvement. As a key player in the Indian banking sector, Central Bank Of India‘s strategic focus on value and growth can position it well for long-term success. By addressing weaknesses in dividend yield, market momentum, and overall resilience, the bank can further enhance its competitive position and navigate challenges effectively in the dynamic financial landscape.
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.
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