Central Bank of India Released Recruitment of Credit Officer for 1000 Posts

 

The formal announcement for the hiring of Credit Officers has been released by the Central Bank of India. 

The Central Bank of India Credit Officer Recruitment 2025 has 1,000 openings in total. The online application process will be available from January 30, 2025, to February 20, 2025. The announcement was made public on January 30, 2025. Applications for the Central Bank Credit Officer Recruitment 2025 are accepted from qualified applicants via the centralbankofindia.co.in website.

Central Bank Credit Officer Recruitment 2025 Important Date

• Apply Online Start Date: 30 January 2025
• Last Date to Apply: 20 February 2025
• Last Date for Fee Payment: 20 February 2025
• Exam Date: To be released

Central Bank Credit Officer Recruitment 2025 Application Fee

• General / OBC / EWS: Rs. 750/-
• SC / ST / PWD: Rs. 150/-
• Mode of Payment: Online

Central Bank Credit Officer Recruitment 2025 Age Limit

• Minimum Age: 20 Years
• Maximum Age: 30 Years
• Age Limit as on 30/11/2024
• The age relaxation will be given as per the rules.

Central Bank Credit Officer Recruitment 2025 Educational Qualifications

Post Name	Qualification
Credit Officer	Graduate (60% UR/EWS, 55% Other)

Central Bank Credit Officer Recruitment 2025 Vacancy Details

Post Name	Vacancy
Credit Officer	1000  (UR-405, SC- 150, ST-75, OBC-270, EWS-100)

Central Bank Credit Officer Recruitment 2025 Selection Process

The Central Bank Credit Officer Recruitment 2025 selection process includes the following stages:

• Written Exam
• Documents Verification
• Medical Test

Central Bank Credit Officer Recruitment 2025 Exam Pattern

Subject	Questions	Marks
Reasoning	30	30
English	30	30
GK (Banking)	30	30
Quantitative Aptitude	30	30
Total	120	120

Central Bank Credit Officer Recruitment 2025 Notification PDF & Apply Online Form Link

Notification PDF	Click Here
Apply Online	Click Here

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Central Bank of India Q3 Net profit surges 33% YoY

On Monday, January 20, the Central Bank of India announced that its standalone net profit for the December 2024 quarter of the current fiscal year (Q3 FY25) increased by 33% year over year (YoY) to Rs.958.93 crore. In the same period previous year, the profit was Rs.717.86 crore. In the meantime, the net interest income increased 12.31% year over year to Rs.3540.12 crore from Rs.3151.85 crore. 

In comparison to the equivalent quarter ended December 31, 2023, when the net interest margin (NIM) was 3.28%, the NIM for the quarter ended December 31, 2024, at 3.48%. During the quarter, the public sector lender's provisions and contingencies decreased to Rs.556.64 crore from Rs.821.98 crore during the same time last year.

Also Read - Quarterly Results of all banks for Q3FY25

Additionally, the number decreased sequentially from Rs.598.06 crore. At the end of Q3 FY25, gross non-performing assets (GNPA) totaled Rs.10,459.89 crore, representing a 3.86% GNPA percentage, down from 4.50% YoY and 4.59% QoQ. At Rs.1,554.98 crore, the net non-performing assets (NNPA) percentage was 0.59%, which was lower than the 0.69% in the September 2024 quarter and the 1.27% in the December 2023 quarter. 

The bank's overall revenue as of December 31, 2024, was Rs.668,686 crore, up 8.31% year over year from ₹617,368 crore the previous year. The total deposits grew by 5.34%, from Rs.377,722 crore on December 31, 2023, to Rs.397,907 crore on December 31, 2024, a gain of Rs.20,185 crore.

As of December 31, 2024, gross advances increased by 12.99% to Rs.270,779 crore from Rs.239,646 crore in the previous year. The RAM (Retail, Agriculture & MSME) division of the bank experienced a 17.99% growth. Retail saw 16.18% (Rs.79,927 crore) increase, agriculture saw 14.83% (Rs.51,274 crore), and MSME saw 23.64% (Rs.58,102 crore).

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Government plans to sale stake in five PSU banks

A Rs.10,000 crore fund-raising plan for five state-run institutions via the Qualified Institutional Placement (QIP) route has been approved by the government.



According to sources, four additional lenders—Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, and Central Bank of India—have been given permission to raise money in addition to the Bank of Maharashtra. According to the sources, these lenders may begin raising money in tiny installments as early as the fourth quarter of the 2025 fiscal year.

"The Department of Disinvestment and Public Asset Management (DIPAM) has also been mandated to sell a stake in these lenders through the Offer For Sale (OFS) route," the sources noted.



By August 2026, the government hopes to have a minimum of 25% of these PSU banks' shares held by the general people. The Department of Financial Services has administrative authority for state-run lenders.



According to the most recent shareholding pattern on the BSE, the government owns 79.6% of Bank of Maharashtra, 98.25% of Punjab & Sind Bank, 96.38% of Indian Overseas Bank, 95.39% of UCO Bank, and 93.08% of Central Bank of India as of the end of the December quarter.Based on the current share price, the excess government stake in these five lenders stands at nearly Rs.50,000 crore.

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Central Bank of India Q2 Net profit surges 51%

State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at ₹913 crore in the second quarter ended September 2024.

The lender had earned a net profit of ₹605 crore in the same quarter a year ago. Total income increased to ₹9,849 crore during the quarter under review, as against ₹8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.

Net Interest Income increased to ₹3,410 crore in the latest July-September quarter as compared to ₹3,028 crore in the corresponding period a year ago.

The bank earned an interest income of ₹8,203 crore during the quarter, compared to ₹7,351 crore in the year-ago quarter.

Net Interest Margin (NIM) in the reporting quarter rose to 3.44 per cent from 3.29 per cent at the end of second quarter of previous fiscal.

Return on Assets (ROA) improved to 0.85 per cent, registering an improvement of 23 bps, over the corresponding quarter of last year.

The bank was able to reduce gross Non-Performing Assets (NPAs) to 4.59 per cent of the gross loans by the end of September 2024, from 4.62 per cent a year ago.

Similarly, net NPAs or bad loans came down to 0.69 per cent, from 1.64 per cent at the end of the second quarter of the previous fiscal.

Provision Coverage Ratio stood at 96.31 per cent, with an improvement of 377 bps year on year.

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Central Bank of India Q1 Profit rises 110%

Central Bank of India on July 18 reported a 110 percent on-year growth in its profit after tax to Rs 879.94 crore in the first quarter of the current financial year.

On sequential basis, net profit rises around 9 percent.

Gross non-performing asset (NPA) ratio of the bank improved a year basis to 4.54 percent as on June 30, as compared to 4.95 percent in a year ago period. However, on a quarterly basis, gross NPA ratio rose marginally. In a quarter ago period, it stood at 4.50 percent.

Net NPA ratio of the bank improved to 0.73 percent as on June 30, as compared to 1.23 percent as on March 31, and 1.75 percent as on June 30, 2023.

Provision Coverage Ratio improved to 96.17 percent, registering an improvement of 394 basis points (bps) over 92.23 percent.

The total business of the grew by 8.97 percent on-year to Rs 6.36 lakh crore in the reporting quarter, from Rs 5.84 lakh crore in a year ago period.

In April-June, total deposits of the rose by 5.93 percent to Rs 3.85 lakh crore from Rs 3.64 lakh crore in a year ago period. CASA Deposits have increased by Rs 8,772 crore to Rs 1.89 lakh crore from Rs 1.80 lakh crore,

reflecting YoY growth of 4.87 percent and having a share of 49.19 percent of total Deposits.

Gross Advance increased by 13.99 percent on-year to Rs 2.51 lakh crore in April-June from Rs 2.20 lakh crore in a similar period last year. Credit to Deposit (CD) Ratio improved to 65.27 percent registering an improvement of 452 bps, from 30th June 2023.

RAM (Retail, Agriculture & MSME) business grew by 18.81 percent. The individual sector wise growth stood at 13.87 percent (Rs 72,469 crore), 15.36 percent (Rs 47,080 core) and 30.20 percent (Rs 52,111 crore), respectively, for Retail, Agriculture & MSME.

Net Interest Income for June 30, 2024 quarter has increased to Rs 3548 crore as compared to Rs 3176 crore for corresponding quarter ended June 30, 2023.

Net Interest Margin (NIM) for the quarter is at 3.57 percent as at the end of June 30, 2024 when compared to 3.43 percent as at the end of June 30, 2023 quarter.

CRAR improved to 15.68 percent, of which Tier I is 13.36 percent, registering an improvement of 126 bps.

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Latest Bank Merger News : 4 PSU Banks likely to be merged

According to sources, the government has formulated its plan for the second round of merger of PSU banks. The government is considering two options for merging four small government banks. To facilitate the merger, changes are being prepared in the Banking Regulation Amendment Act. One option is to merge UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, and Central Bank of India.

The second option involves merging with Union Bank of India, Canara Bank, or Indian Bank according to the banking software. 

The government aims to make these changes in the Banking Regulation Amendment Act to facilitate the merger process. 

The functioning of UCO Bank, Punjab & Sind Bank, Bank of Maharashtra, and Central Bank has shown improvement in the past few years. This is a developing story.

Let us tell you that the government has a 98.25 per cent stake in Punjab & Sind Bank.

While the government has a 93.08 per cent stake in Central Bank, 86.46 per cent in Bank of Maharashtra and a 95.39 per cent in UCO Bank.

The government had announced the merger of 10 public sector banks into four entities in 2019.

This was part of the government's policy to strengthen public sector banks (PSU Bank Mergers) to strengthen their finances for a strong national presence and global reach.

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Central Bank of India Q4 Profit jumps 41%

Central Bank of India on Tuesday reported a standalone a 41.38 per cent jump in standalone profit at Rs 807.34 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24). The bank had reported a net profit of Rs 571.03 crore for the same period last year. Sequentially this was a 12.46 per cent increase from Rs 717.86 crore in Q3.

The bank reported standalone total income at Rs 9,698.74 crore for Q4. This is a 13.2 per cent increase from Rs 8,567.45 crore reported during the year-ago period. Quarter-on-quarter (Q-o-Q) total income rose 6.12 per cent from Rs 9,138.93 crore. 

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The gross non-performing assets (NPA) ratio of the bank remained at 4.50 per cent in Q4, same ratio reported in Q3. This was down 8.44 per cent compared to the same period last year, but the same as the quarter-ago period.

Net Interest Income (NII) increased by 10.34 per cent year-on-year (Y-o-Y) to Rs 12,896 crore for 12 months period that ended on March 31, over corresponding period of last year.

Return on Assets (ROA) improved to 0.76 per cent for Q4FY24 as against 0.61 per cent for Q4FY23. ROA improved to 0.63 per cent at the end of FY24, compared to 0.44  per cent at the end of FY23.

Return on Equity (ROE) also improved to 2.92 per cent for Q4FY24 as against 2.27 per cent for Q4FY23. For the entire financial year, ROE improved to 9.53 per cent over  6.42 per cent at the end of FY23.

For the entire financial year, Central Bank of India reported a standalone net profit of  Rs 2,549.06 crore, a 61.1 per cent surge, compared to Rs 1,582.2 crore reported at the end of FY23.

Total income went up 19.6 per cent at Rs 35,433.51 crore for FY24, compared to Rs 29,625.6 crore reported at end of last year.

Provision Coverage Ratio stood at 93.58 per cent, with an improvement of 110 bps, on Y-o-Y basis, the bank said.

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Central Bank of India Q3 Net profit surges 57%

 Public sector lender Central Bank of India on January 19 reported a net profit of Rs 717.9 crore for the October-December quarter of financial year 2023-24, posting an 56.7 percent rise from Rs 458.22 crore a year ago.

The bank's gross non-performing asset (NPA) stood at 4.50 percent, down from 8.85 percent recorded last year. On the other hand, net NPA for the quarter stood at 1.27 percent, improving from 2.09 percent on a year-on-year basis.

Central Bank of India's net interest income (NII) increased by 14.45 percent to Rs 9355 crore for 9 9-month period ended on December 31, 2023, over the corresponding period of last year.

However bank's Net Interest Margin (NIM) improved to 3.33 percent (6 bps, for 9 month period ended on December 31, 23, over the corresponding period of last year. Bank's total income (Interest Income plus Non-Interest Income) for Q3FY24 improved by 19.68 percent, from Rs 7636 crore in Q3FY23 to Rs 9139 crore in Q3FY24.

Central Bank of India has having pan India presence with network of 4494 branches with 65.29 percent (2934 branches) in rural & semi-urban areas, 4083 ATMs, and 11207 BC Points with total of 19784 Touch Points as of December 2023.

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