Central Bank of India

Your Directors have pleasure in presenting the Integrated Annual Report of the Bank along with the Audited Statement of Accounts, the Profit and Loss accounts and the cash flow statement for the year ended March 31,2025.

1. Performance Highlights:

• Total Business of the Bank stood at Rs702798 crore as at March 31,2025 compared to Rs636756 crore as at March 31,2024.

• Total Deposits stood at Rs412697 crore as against Rs385011 crore in March 31,2024.

• Total Advances of the Bank stood at Rs290101 crore as against Rs251745 crore in March 31,2024.

• Total Income for the financial year ended March 31, 2025 was Rs39520 crore as compared to Rs35434 crore for the financial year ended March 31,2024.

• Non-Interest Income of the Bank stood at Rs5855 crore for the financial year ended March 31, 2025 compared to Rs4712 crore for the financial year ended March 31,2024.

• Operating Profit of the Bank increased to Rs8124 crore for the financial year ended March 31, 2025 as compared to Rs7363 crore for the corresponding previous financial year ended March 31, 2024 showing increase of 10.34%.

• The Bank has earned Net Profit of Rs3785 crore for the financial year ended March 31, 2025 as compared to Net profit of Rs2549 crore during previous financial year ended March 31,2024.

• Business per employee increased to Rs21.31 crore during the financial year ended March 31,2025 from Rs19.94 crore in the previous financial year ended March 31,2024.

• Capital Adequacy Ratio (as per Basel-III) stood at 17.02% with Tier I at 14.73% and Tier II at 2.29% for the financial year ended March 31,2025. (Bank has computed Capital Ratio after adjustment for reckoning NPV of non-interest bearing recapitalization bond issued by Government of India).

• Net worth stood at Rs32574.54 crore as on March 31, 2025.

• Cash Recovery (including sale of NPA & written off accounts) is Rs3396 crore in the financial year ended March 31, 2025 as compared to Rs3636 crore in the previous financial year ended March 31,2024.

• Gross NPA to Gross Advances improved to 3.18% as on March 31, 2025 from 4.50% as on March 31,2024.

• Net NPA to Net Advances reduced to 0.55% as on March 31,2025 as against 1.23% as on March 31,2024.

• Provision Coverage Ratio improved to 96.54% as on March 31,2025 from 93.58% as on March 31,2024.

• Net Interest Margin (NIM) for the financial year stood at the same level of 3.40% as at the end of March 31,2025, when compared on YoY basis.

• Return on Assets (ROA) improved to 0.86 % for March 2025, from 0.63% at March 2024, registering an improvement of 23 bps.

• The credit deployment under priority sector stood at Rs134646.12 crore during FY 2024-25. However, to take an advantage of excessive lending over ANBC in Priority Sector credit, Bank undertook sale/purchase transactions in PSLCs. During the year, Bank sold PLSCs worth Rs7000 crore under PS Advances.

• Agriculture Advance of the Bank stood at Rs52456 crore for the financial year ended March 31,2025 as against Rs46063 crore for the previous financial year ended March 31,2024.

• MSME Advance of the Bank stood at Rs59243 Crore for the financial year ended March 31, 2025 as against Rs49870 crore for the previous financial year ended March 31,2024.

• Retail Loans increased to Rs82383 crore in financial year ended March 31, 2025 from Rs71193 crore in financial year ended March 31,2024.

• Housing Loan portfolio of the Bank stood at Rs52164 crore for the financial year ended March 31,2025, registering y-o-y growth of 18.40%. Housing Loan Portfolio constitutes 63.32% of the total Retail Portfolio as on March 31,2025.

• There are 47 RSETIs in 9 States of the country viz. Madhya Pradesh (18), Bihar (9), Maharashtra (6), Uttar Pradesh (5), West Bengal (3), Chhattisgarh (3), Rajasthan (1), Odissa (1) and Assam (1). During the year 2024-25, the RSETIs conducted 1473 training programmes and imparted training to 45317 candidates. Out of which, 32992 (i.e. 72.80%) trainees were settled. Credit linkage of settled candidates achieved is 18687 i.e. 56.64%.

• Bank has 2 RRBs as on March 31, 2025 in 2 states covering 23 districts with a network of 1169 branches. Under Financial Inclusion, Bank deployed total 3987 BC Agents.

• Total earning from Bancassurance business is Rs141.68 crore for the financial year ended March 31,2025.

• Bank is having pan India presence with total 20915 Touch Points, with network of 4545 branches with

2964 branches in rural & semi-urban areas (65.21%), 4085 ATMs and 12260 BC Points and 25 BC Maxx Points as on March 31,2025.

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

2. Income & Expenditure:

Details of income and expenditure for the financial year 2024-25 are given hereunder:

(Rs in Crores)

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

3. Provisions:

Details of Total Provisions of Rs4339 crore charged to the Profit and Loss Account during the financial year 2024-25 visa-vis previous financial year are detailed as under:

(Rs in Crores)

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

4. Profitability Ratios:

(In percentage)

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

5. Business Ratios:

(In percentage)

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification.

6. Capital to Risk Weighted Assets Ratio (CRAR):

The components of Capital Adequacy Ratio were as under:

* As advised by RBI in its risk assessment report, Bank has computed Capital Ratio after adjustment for reckoning NPV of non-interest bearing recapitalization bond issued by Government of India

7. Net Profit/Loss:

The Bank has earned net profit amounting to Rs3785 crore during the financial year ended March 31, 2025. Board of Directors are pleased to announce dividend payout ratio of 4.48% of the CompanyRss profit after tax for the financial year 2024-25. The Board believes that this dividend distribution appropriately balances rewarding our shareholders with maintaining a strong financial position of the Bank.

8. Dividend:

The Board of Directors are pleased to recommend for your approval, at the ensuing Annual General Meeting (AGM), the payment of a final dividend of Rs0.1875 per equity share of Rs10 each, for the financial year ended March 31, 2025. This dividend, if approved, will result in a total cash outflow of Rs169.74 crore. This recommendation is made keeping in view the BankRss performance during the year, its future growth

prospects and the need to retain adequate reserves for business expansion and operational requirements. The dividend, if approved/declared at AGM, will be paid to those shareholders whose names will appear on the Register of Members as on the Book Closure date i.e. June, 2025.

9. Changes in the Board during the year:

Shri Dinesh Pangtey, ceased to be Shareholder Director of the Bank on account of completion of term of 03 years from the Bank w.ef. 30.06.2024.

Shri Sarada Kumar Hota was appointed as Shareholder director of the Bank for the term of 03 years w.e.f.

17.07.2024

Smt. Charulatha S Kar ceased to be RBI Nominee Director of Bank w.e.f 12.12.2024.

Shri Manoranjan Dash was appointed as RBI Nominee Director of the Bank by Government of India w.e.f.

12.12.2024

Shri Pradip P Khimani was reappointed as Part time Non-official Director of the Bank by Government of India on 11.04.2025 consequent to completion of his earlier term of 03 years on 20.12.2024

10. Whistle Blower Policy:

Bank follows Central Vigilance Commission Guidelines on Whistle Blower complaints under Public Interest Disclosure and Protection of Informers (PIDPI) resolution. Bank has a web-based portal in the name of “Cent e-Whistleblower” to facilitate reporting of malpractices by Employees and Directors without revealing their identities, which would be known to the General Manager - Human Resources Department. Directors and Employees may also approach Chairman of the Audit Committee of the Board directly. This may help to curb malpractices, prevent frauds and boost up morale of the employees

11. Performance Evaluation of The Directors and the Board:

In terms of Regulation 25 of SEBI (LODR) Regulations 2015, the performance of the Board as whole and nonindependent directors was evaluated by the Independent Directors in a separate Meeting held on March 21,2025.

Further, the performance evaluation of Whole Time Directors is carried out by Committee of Board for Performance Evaluation based on guidelines prescribed by Government of India. Further, Performance of nonofficial Directors/ Shareholder Director is done by Board of Directors on annual basis.

12. Board and Its Sub-Committees:

The composition of the Board and its Sub-committees as required to be constituted as per the SEBI (LODR) Regulations, Government of India / Reserve Bank India Guidelines and the meetings held therein are mentioned in the Corporate Governance Report.

13. Declaration by Independent Directors during the Year:

All the Independent Directors of Bank have submitted the declaration confirming that they meet the criteria of independence as provided under Regulation 25 of SEBI (LODR) Regulations, 2015.

14. Secretarial Audit:

Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, Bank had appointed M/s. S.G. & Associates (proprietor Mr. Ganesh Ganpule), Practicing Company Secretaries, Mumbai as a Secretarial Auditor to undertake Secretarial audit of Bank for the financial year 2024-25. The Secretarial Audit Report is annexed to this Report.

15. ManagementRss Discussion and Analysis Report:

Pursuant to Regulation 34 read with Schedule V to the Listing Regulations, ManagementRss Discussion and Analysis for the year under review is presented in a separate section forming part of the Annual Report.

16. Business Responsibility and Sustainability Report:

Business Responsibility and Sustainability Report as stipulated under Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been annexed to this report and also hosted on the website of the Bank (www.centralbankofindia.co.in).

17. Dividend Distribution Policy:

In accordance with the Regulation 43A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Bank has formulated a Dividend Distribution Policy. The policy has been displayed on the BankRss website at (www.centralbankofindia.co.in).

18. DirectorsRs Responsibility Statement:

The Directors confirm that in the preparation of the annual accounts for the financial year ended March 31,2025.

The applicable accounting standards have been followed along with proper explanation relating to material departure, if any; The accounting policies framed in accordance with the guidelines of the Reserve Bank of India were consistently applied; Reasonable and prudent judgement and estimates were made so as to give a true and fair view of the state of affairs of the Bank at the end of the financial year and of the profit/ loss of the Bank for the financial year ended March 31, 2025. Proper and sufficient care was taken for the maintenance of adequate accounting records in accordance with the provisions of the applicable laws governing banks in India.

The accounts have been prepared on a going concern basis. Internal Financial Controls are adequate and were operating effectively and Proper systems have been devised to ensure compliance with the provisions of all applicable laws and these systems are adequate and operating effectively.

19. Corporate Governance:

The Board of the Bank is committed to adopt best Corporate Governance practices in both letter and spirit. The Bank has a well-documented system and practice on Corporate Governance. The Corporate Governance Report of the Bank is annexed to this Report.

20. Acknowledgment:

The Board of Directors places on record its gratitude to its Shareholders, Government of India, Reserve Bank of India, SEBI, Indian BankRss Association, Customers, Depositors, Stock Exchanges Depositories, and the other Stakeholders for their valuable guidance and support. The Board acknowledges with gratitude the unstinted support and faith of its employees, customers and shareholders

For and on behalf of the Board of Directors

For M V Rao

Managing Director and Chief Executive Officer

Place: Mumbai

Date: June 13^th, 2025