Central Bank Of India Share Price Target for 2025, 2026, 2027, 2028, 2029

The Central Bank of India (CBI) is a state-owned commercial bank in India. It is one of the oldest and largest banks in the country, with a network of over 11,500 branches and 10,300 ATMs across India.

Central Bank Of India Overview

History:

  • Established in 1911, Central Bank of India (CBI) is the first Indian commercial bank wholly owned and managed by Indians.
  • Nationalized in 1949, it has grown into a major public sector bank with a rich legacy.

Presence:

  • Extensive network of over 11,500 branches and 10,300 ATMs across India, covering all 28 states and union territories.
  • Fourth largest bank in India by assets.

Services:

  • Offers a comprehensive range of banking products and services for individuals, small businesses, and large corporations:
    • Savings and current accounts
    • Personal and business loans
    • Credit cards
    • Demat accounts
    • Insurance
    • Mutual funds
    • Online banking
    • Government schemes and services

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Central Bank Of India Products

Deposits:

  • Savings Accounts: Regular savings accounts, salary accounts, senior citizen accounts, etc.
  • Current Accounts: Regular current accounts, business current accounts, overdraft facilities.
  • Term Deposits: Fixed deposits with various tenors and interest rates, special schemes like Cent Garima Term Deposit Scheme, Cent Super Callable Time Deposit, etc.
  • Foreign Currency Deposits: FCNR (B) Deposit Scheme, FCNR (B) Premium Plus Deposit Scheme, etc.

Loans:

  • Retail Loans: Housing loans, car loans, education loans, personal loans, gold loans, loans against property, etc.
  • MSME Loans: Working capital loans, term loans, overdraft facilities, etc.
  • Agricultural Loans: Kisan Credit Card Scheme, Agri Gold Loan scheme, SHG Bank Linkage scheme, etc.
  • Government & Public Sector Loans: Loans for various government and public sector projects.

Digital Banking:

  • Internet banking platform (“Centinet”) offering bill payments, fund transfers, account statements, etc.
  • Mobile banking app (“Cent Mobile”) for banking on the go.
  • Debit cards, credit cards, FASTag for toll payments.

Other Products:

  • Demat accounts for investing in securities.
  • Insurance products (offered through tie-ups with other companies).
  • Mutual funds (offered through tie-ups with other companies).
  • Safe deposit lockers.
  • Government schemes and services (e.g., Pradhan Mantri Jan Dhan Yojana).

Central Bank Of India Fundamentals

Financials (TTM as of October 2023):

  • Return on Assets (ROA): 0.587% (Low compared to industry average)
  • Net Profit Margin: 8.24% (Moderate)
  • Operating Profit Margin: 22.38% (Moderate)
  • EBITDA Margin: 68.99% (High)
  • Price to Book Ratio (P/B): 0.538 (Suggests potential undervaluation)
  • Non-Performing Assets (NPA): 2.8% (Improved from previous years, but still higher than industry average)

Central Bank Of India Revenue and Net Profit

Latest Quarter (Q3 FY24, ended December 2023):

  • Total Revenue: ₹10,245 Crore (Increased 16.5% YoY)
  • Net Profit: ₹718 Crore (Increased 57% YoY)

Previous Quarter (Q2 FY24, ended September 2023):

  • Total Revenue: ₹9,738 Crore (Increased 13.47% YoY)
  • Net Profit: ₹605 Crore (Increased 90.25% YoY)

Full Year (FY23):

  • Total Revenue: ₹39,683 Crore (Increased 10.6% YoY)
  • Net Profit: ₹1,045 Crore (Turnaround from a net loss of ₹888 Crore in FY22)

Central Bank Of India Shareholding Patterns

Promoter:

  • Government of India: 93.08% (unchanged in recent quarters)

Non-Promoter:

  • Institutional Investors: 2.86% (decreased from 3.00% in previous quarter)
    • Foreign Institutional Investors (FII/FPI): 0.07% (decreased from 0.16% in previous quarter)
    • Mutual Funds: 0.10% (decreased from 0.15% in previous quarter)
    • Other Institutions: 2.69%
  • Public: 4.06% (increased from 3.92% in previous quarter)

Central Bank Of India Share Price Target for 2025, 2026, 2027, 2028, 2029

Central Bank of India Share Price Targets (Disclaimer: Not financial advice)

YearShare Price Target
2025100
2026200
2027300
2028400
2029500

Central Bank Of India Share Price Target for 2025

Central Bank Of India Share Price Target for 2025 is 100.

Central Bank Of India Share Price Target for 2026

Central Bank Of India Share Price Target for 2026 is 200.

Central Bank Of India Share Price Target for 2027

Central Bank Of India Share Price Target for 2027 is 300.

Central Bank Of India Share Price Target for 2028

Central Bank Of India Share Price Target for 2028 is 400.

Central Bank Of India Share Price Target for 2029

Central Bank Of India Share Price Target for 2029 is 500.

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Central Bank Of India Dividend History

Recent Years:

  • March 2023: ₹0.25 per share
  • 2022: No dividend declared
  • 2021: No dividend declared
  • 2020: ₹0.50 per share
  • 2019: ₹0.50 per share
  • 2018: ₹0.50 per share
  • 2017: ₹0.50 per share
  • 2016: ₹2.00 per share

Future Outlook of Central Bank Of India

Positives:

  • Improved financial performance: Recent quarters have seen rising profits and improved asset quality, indicating positive momentum.
  • Government ownership: Backing from the government provides some stability and potential support for growth initiatives.
  • Extensive branch network: CBI has a wide reach across India, which can be a significant advantage in a growing economy.
  • Focus on digital banking: Investments in digital platforms and services could attract new customers and improve operational efficiency.

Risks Associated With Investing in Central Bank Of India

Financial Performance:

  • Low profitability: CBI’s Return on Assets (ROA) is lower than the industry average, indicating lower efficiency and profitability compared to peers. This raises concerns about the bank’s ability to generate attractive returns for investors.
  • High Non-Performing Assets (NPAs): CBI’s NPA ratio, while improving, remains higher than the industry average. This means a larger portion of loans are not being repaid, impacting profitability and raising credit risk concerns.
  • Fluctuations in market value: Like any stock, CBI’s share price can be volatile and influenced by various market factors, leading to potential losses for investors.

Competition:

  • Stiff competition: CBI faces strong competition from private and foreign banks, both in terms of customer acquisition and high-margin segments. This can limit its market share and growth potential.
  • Emerging fintech companies: New FinTech startups are disrupting the traditional banking landscape, potentially impacting CBI’s customer base and forcing it to adapt to new technologies quickly.

Central Bank Of India FAQs

  • What is Central Bank of India?
    • CBI is a state-owned commercial bank in India, established in 1911. It is the fourth largest bank in India by assets.
  • What are its services?
    • CBI offers a wide range of banking products and services, including savings and current accounts, loans, credit cards, demat accounts, insurance, mutual funds, online banking, and government schemes.
  • What is its network?
    • CBI has an extensive network of over 11,500 branches and 10,300 ATMs across India.

Products and Services:

  • What types of accounts does CBI offer?
    • CBI offers various savings accounts, current accounts, and term deposits with different features and interest rates.
  • What loan products does CBI offer?
    • CBI offers a wide range of loans, including personal loans, car loans, education loans, housing loans, business loans, and agricultural loans.
  • Does CBI offer online banking?
    • Yes, CBI offers internet banking and mobile banking platforms for convenient access to accounts and services.

Investing in CBI:

  • Is CBI publicly traded?
    • Yes, CBI is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
  • What are the risks of investing in CBI?
    • Potential risks include low profitability, high NPAs, competition, cybersecurity threats, regulatory changes, and government ownership.
  • What resources can I use to research CBI before investing?
    • You can refer to CBI’s annual report, investor relations website, financial news platforms, and analyst reports.

Account Management:

  • How can I open an account with CBI?
    • You can visit a branch or use the online account opening facility on their website.
  • How can I access my account online?
    • You can use CBI’s internet banking or mobile banking platform after registering and setting up your credentials.
  • What if I lose my debit card or credit card?
    • You can immediately block the card through internet banking, mobile banking, or by calling the customer care helpline.

Customer Service:

  • What is CBI’s customer care number?
    • You can call CBI’s toll-free customer care number 1800 208 2345 or access other contact details on their website.
  • What are the operating hours of CBI branches?
    • Branch timings typically range from 10:00 AM to 4:00 PM, but it’s best to check with your local branch for specific timings.
  • How can I file a complaint with CBI?
    • You can file a complaint online through the bank’s website, at a branch, or by calling the customer care number.

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