Share of Central Bank of India Ltd is currently trading at around Rs.52/- Existing as well as Prospective Investors are asking for Central Bank of India Share Price Target 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Central Bank of India Share Price Target 2025,2030,2035 & 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Central Bank of India Ltd:
Central Bank of India has shown a significant improvement in its financial performance for the second quarter of FY 2024-25. The total business grew by 7.07% year-on-year (YoY) to ₹644,858 crore, driven by a 9.48% growth in gross advances and a 5.57% rise in deposits. The bank’s net profit increased sharply by 50.91% YoY to ₹913 crore in Q2 FY25, supported by higher net interest income (NII) which grew by 12.62% to ₹3,410 crore. The net interest margin (NIM) improved to 3.44%, reflecting better profitability.
Operational efficiency has also improved, with operating profit increasing by 41.50% YoY to ₹2,165 crore. The bank’s asset quality showed marked improvement, with the gross NPA ratio declining to 4.59% and the net NPA ratio dropping to 0.69%. Its provision coverage ratio also improved to 96.31%. Return on Assets (RoA) and Return on Equity (RoE) rose to 0.85% and 12.76%, respectively, reflecting robust performance metrics
Future Business Prospects:
The bank is well-positioned for future growth due to several factors:
- Improved Asset Quality: Lower NPAs and a high provision coverage ratio will support sustainable growth.
- Focus on Retail, Agriculture, and MSME (RAM): The RAM segment grew by 19.95%, indicating a strong focus on high-growth and stable sectors.
- Strengthened Capital Position: A capital adequacy ratio (CRAR) of 16.27% provides a solid base for future lending and expansion.
- Digital Transformation: Ongoing investments in technology and digital banking services will enhance customer engagement and operational efficiency.
- Macroeconomic Tailwinds: The bank stands to benefit from the Indian economy’s growth trajectory, which boosts credit demand across sectors.
Despite these strengths, challenges such as rising interest rates, competition, and regulatory changes need to be navigated. However, with its strong financial health and strategic focus, Central Bank of India is poised for steady growth in the coming years.
Share Price Targets:
Central Bank of India Share Price Target 2024
Based on the above discussion and analysis, the share price of Central Bank of India is likely to touch the level of around Rs.57-60 in 2024
Central Bank of India Price Target 2025
Based on the above discussion and analysis, the share price of Central Bank of India is likely to touch the level of around Rs.65-70 in 2025
Central Bank of India Price Target 2030
Based on the above discussion and analysis, the share price of Central Bank of India is likely to touch the level of around Rs.120-125 in 2030
Central Bank of India Price Target 2035
Based on the above discussion and analysis, the share price of Central Bank of India is likely to touch the level of around Rs.200-225 in 2035
Central Bank of India Price Target 2040
Based on the above discussion and analysis, the share price of Central Bank of India is likely to touch the level of around Rs.350-400 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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