Central Bank of India is targeting over ₹3,500 crore recovery from bad loans in FY27, representing a significant improvement from previous years. As reported by The Economic Times, the bank currently has ₹32,000 crore in technical written-off accounts and recovered ₹2,270 crore from written-off loan accounts in FY26. MD and CEO Kalyan Kumar expects ₹2,300-2,500 crore recovery from written-off loans during FY27, which will play an important role in improving the bank's bottom line. The bank has launched special One Time Settlement schemes for agriculture accounts and intensified recovery campaigns including property expos and SARFAESI actions. Kumar further indicated that total recovery should be anywhere between ₹3,500 crore and ₹4,000 crore during the financial year, with the bank having made total recovery of ₹3,307 crore during FY26.
Central Bank of India has appointed Vivek Kumar as Chief Financial Officer (CFO) for a three-year term effective June 3, 2026. As reported by Business Standard, Kumar brings over 27 years of banking industry experience and three years in financial services. He joined the bank in 1999 and has worked across multiple functions including retail banking, credit, information technology, financial inclusion, merchant banking and general banking. Kumar has also served as chairman of a regional rural bank and will replace the outgoing CFO.
Central Bank of India is set to launch wealth management and credit card services in H2 FY27, targeting corporate customers to enhance fee income generation. According to reports from The Economic Times, MD and CEO Kalyan Kumar confirmed that the bank has obtained board approval for these initiatives and is currently in the process of issuing Request for Proposal (RFP) to onboard experts. The bank expects to be positioned to launch these businesses by middle of the year. Kumar stated that the bank plans to roll out these businesses in the second half of the current fiscal to ramp up its fee income, with the bank also planning to launch other products that can improve the non-interest income.
The bank is developing cash management services for corporate customers, with plans to launch by August 2026. As reported by The Economic Times, Kumar highlighted that cash management services play a crucial role for corporate clients. The bank is also establishing centralised forex sale through Letter of Credit (LC) and Letter of Guarantee (LG) business alongside forex business operations. Initially, the bank will target its own corporate customers who currently use these facilities from other banks.
Central Bank of India recently paid the fourth interim dividend at 6% for 2025-26, bringing the cumulative interim dividend to 12% for the financial year. According to The Economic Times, the total dividend payout to Government of India for FY26 stands at ₹969.64 crore. On a standalone basis, Central Bank of India's net profit fell 29.91% to ₹724.43 crore in Q4 March 2026 compared to Q4 March 2025, despite a 4.62% increase in total income to ₹10,810.49 crore. The dividend payout reflects the bank's strong financial performance, improved profitability and continued commitment towards creating value for all stakeholders while contributing to the nation's economic growth.
