Central Bank of India

Consolidated Balance Sheet ------------------- in Rs. Cr. -------------------

Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

EQUITIES AND LIABILITIES

Equity Share Capital 1,689.71 1,902.17 2,618.16 4,047.20 5,709.76
Total Share Capital 1,689.71 1,902.17 2,618.16 4,047.20 5,709.76
Free Reserves 77.99 -2,655.55 -7,836.96 -13,462.01 -14,773.89
Specific reserves 12,912.51 15,076.42 20,299.02 25,523.70 27,638.02
Revaluation reserves 3,292.35 3,205.38 3,130.24 3,074.60 2,962.60
Total Reserves and Surplus 16,282.85 15,626.25 15,592.30 15,136.29 15,826.73
Total ShareHolders Funds 17,972.56 17,528.42 18,210.46 19,183.49 21,536.49
Equity Share Application Money 535 683 0 212.54 0
Minority Interest 35.07 34.62 39.81 43.46 45.32
Deposits 266,686.31 297,309.23 295,354.49 300,311.39 314,201.14
Demand deposits 11,944.46 13,196.78 14,678.18 16,409.31 15,407.50

Saving deposits 82,484.91 103,102.50 110,509.29 122,138.87 130,200.00

Term deposits 172,256.94 181,009.95 170,167.02 161,763.21 168,593.64

Borrowings 9,503.12 9,623.30 6,025.68 5,639.67 6,076.03

Borrowing from banks 267.08 3,203.92 290.72 375.05 260.63

Borrowing from financial institutions 1,554.94 696.17 410.86 295.52 177.30

Borrowings from central & state govt 0.00 0.00 0.00 0.00 0.00
Borrowings syndicated across banks &
0.00 0.00 0.00 0.00 0.00
institutions
Debentures and bonds 4,968.00 4,524.10 4,524.10 4,439.10 4,439.10

Foreign currency borrowings 0.00 0.00 0.00 0.00 0.00

Loans from promoters, directors & shareholders 0.00 0.00 0.00 0.00 0.00

Inter-corporate loans 0.00 0.00 0.00 0.00 0.00

Deferred credit 0.00 0.00 0.00 0.00 0.00

Interest accrued and due 0.00 0.00 0.00 0.00 0.00

Hire purchase loans 0.00 0.00 0.00 0.00 0.00

Fixed deposits 0.00 0.00 0.00 0.00 0.00

Commercial papers 0.00 0.00 0.00 0.00 0.00

Other borrowings 0.00 0.00 0.00 0.00 0.00

Sub-ordinated debt (bank) 1,888.10 1,188.10 800.00 530.00 530.00

Bank's borrowings from rbi 825.00 11.01 0.00 0.00 669.00

Other Liabilities and Provisions 11,889.08 9,516.34 7,718.86 6,494.10 15,478.45

Sundry creditors 0.00 0.00 0.00 0.00 0.00

Acceptances 662.45 750.24 691.86 645.43 620.36

Deposits & advances from customers and
0.00 0.00 0.00 0.00 0.00
employees
Interest accrued but not due 1,527.62 810.34 776.01 837.19 806.34

Share application money - refundable 0.00 0.00 0.00 0.00 0.00

Other current liabilities 9,699.01 7,955.76 6,250.99 5,011.48 14,051.75

Provisions 0.00 0.00 0.00 0.00 0.00

Total Capital and Liabilities 306,621.14 334,694.91 327,349.30 331,884.65 357,337.43

ASSETS
Cash and Balances with Reserve Bank of India 14,070.20 75,087.18 36,000.12 20,779.45 30,021.92
Balances with Banks Money at Call and Short
1,499.45 3,707.79 3,262.29 10,518.14 6,044.56
Notice
Investments 89,086.68 92,276.56 102,769.46 125,452.74 142,525.67
Investment in equity shares 1,595.25 1,860.42 1,719.27 1,309.12 788.46

Investment in preference shares 0.00 0.00 0.00 0.00 0.00

Investment in mutual funds 0.00 0.00 0.00 0.00 0.00

Investment in debt instruments 83,839.09 84,451.73 95,567.41 117,705.22 137,181.84

Investment in approved sec (for slr & oth stat req) 0.00 0.00 0.00 0.00 0.00

Investment in assisted companies 0.00 0.00 0.00 0.00 0.00

Investment in others 3,652.34 5,964.40 5,482.81 6,438.41 4,555.37

Less: provn for diminution in value of invest 0.00 0.00 0.02 0.02 0.00

Loans and advances (nbfcs,banks,fis & hsg fin

180,895.18 140,464.36 157,479.53 147,425.48 151,952.38
cos only)
Fixed Assets 4,369.03 4,299.93 4,352.85 4,319.81 4,345.71
Intangible assets 8.89 8.89 8.89 8.89 8.89

Land 0.00 0.00 0.00 0.00 0.00

Buildings 3,512.56 3,418.76 3,354.28 3,290.24 3,228.51

Plant, machinery, computers & electrical assets 0.00 0.00 0.00 0.00 0.00

Transport & commn equipment & infrastructure 0.00 0.00 0.00 0.00 0.00

Furniture, social amenities & other fixed assets 847.58 872.28 989.68 1,020.68 1,108.31

Other Assets 16,700.60 18,859.10 23,485.04 23,389.03 22,447.21

Total Assets 306,621.15 334,694.92 327,349.30 331,884.64 357,337.45
CONTINGENT LIABILITIES,
COMMITMENTS
Bills for Collection 23,947.97 9,168.94 26,786.99 16,247.39 14,276.74
Contingent Liabilities 64,693.05 83,367.83 107,101.74 86,673.04 56,187.03
 Central Bank of India
-------------------
Consolidated Profit & Loss account in Rs. Cr.
-------------------
Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

INCOME
Interest / Discount on Advances / Bills 19,073.76 16,391.68 14,600.95 13,053.83 12,609.27
Income from Investments 6,477.55 7,376.80 7,142.71 8,460.20 9,924.94
Interest on Balance with RBI and Other Inter-
95.3 638.82 2,058.54 872.81 480.89
Bank funds
Interest from other sources 341.04 367.35 360.92 361.78 660.49
Total Interest Earned 25,987.66 24,774.65 24,163.12 22,748.62 23,675.59
Other Income 1,944.47 2,871.47 2,620.41 2,416.33 3,622.40

Brokerage and financial service fees 911.34 932.36 1,265.73 1,206.95 1,137.85

Income from treasury operations 751.78 1,710.72 717.59 355.63 1,445.32

Other income 281.35 228.39 637.09 853.75 1,039.23

Total Income 27,932.13 27,646.12 26,783.53 25,164.95 27,297.99

EXPENDITURE
Interest Expended 18,889.30 18,166.45 17,603.32 15,934.66 16,004.56
Payments to and Provisions for Employees 4,472.15 4,221.20 3,990.05 3,574.48 4,225.87
Depreciation 239.79 257.69 260.5 277.93 285.48
Operating Expenses (excludes Employee Cost
1,665.75 1,899.38 2,174.92 2,227.74 2,427.65
& Depreciation)
Total Operating Expenses 6,377.69 6,378.27 6,425.47 6,080.16 6,938.99
Provision Towards Income Tax 0 6.86 233.11 -2,528.74 211.86
Provision Towards Deferred Tax 0 -1,088.08 -3,013.40 0 0
Provisions for unspecified contingencies 3,770.81 6,623.90 10,630.29 11,306.59 5,269.88
Total Provisions and Contingencies 3,770.81 5,542.69 7,850.00 8,777.85 5,481.74
Total Expenditure 29,037.80 30,087.41 31,878.79 30,792.67 28,425.30
Net Profit / Loss for The Year -1,105.67 -2,441.29 -5,095.27 -5,627.72 -1,127.31
Prior Period and extraordinary expenses -300.49 -0.59 -0.3 0 0
Net Profit / Loss After EI & Prior Year
-1,406.17 -2,441.88 -5,095.57 -5,627.72 -1,127.31
Items
Minority Interest -4.79 -2.58 -5.99 -5.79 -3.64
Share Of Profit/Loss Of Associates 14.59 -14.9 -38.04 16.59 -124.77
Consolidated Profit/Loss After MI And
-1,396.37 -2,459.36 -5,139.60 -5,616.93 -1,255.72
Associates
Profit / Loss Brought Forward -738.98 -2,236.91 -5,088.52 -10,328.79 -16,010.11
Total Profit / Loss available for
-2,135.35 -4,696.27 -10,228.12 -15,945.71 -17,265.83
Appropriations
APPROPRIATIONS
Transfer To / From Statutory Reserve 1 0 0 0 0

Transfer To / From Special Reserve 4.98 3.83 5.71 5.36 4.09

Transfer To / From Investment Reserve 92.59 383.74 91.87 56.38 157.03

Transfer To / From Revenue And Other
1.2 4.11 2.43 1.59 1.33
Reserves
Tax On Dividend 1.78 0.57 0.66 1.07 0.41

Balance Carried Over To Balance Sheet -2,236.91 -5,088.52 -10,328.79 -16,010.11 -17,428.70

Total Appropriations -2,135.35 -4,696.27 -10,228.12 -15,945.71 -17,265.83

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) -8 13 -20 -20 -2

Diluted EPS (Rs.) -8 13 -20 -20 -2

 Bank Performance Analysis

PROFITABILITY ANALYSIS
Mar-16 Mar-17 Mar-18

Rs in Crore Rs in Crore Rs in Crore

1 Total Assets 306621.15 334694.92 327349.3

2 Earning Assets
Balances with RBI 14070.20 75087.18 36000.12
Balances with Banks in Deposit Accounts 2555723949.00 2661841873.00 2966711934.00
Balances with Banks & money at Call & Short Notice 1499.45 3707.79 3262.29
Balances with Banks Outside India - - -
Investments + 89086.68 92276.56 102769.46
Advances + 180895.18 140464.36 157479.53
Total Earning Assets 269981.86 232740.92 260248.99
3 Interest bearing Liabilities - - -
Saving Deposits 82484.91 103102.50 110509.29
Term & Other Deposits 172256.94 181009.95 170167.02
Borrowings 9503.12 9623.30 6025.68
Subordinated Debt 1888.10 1188.10 800.00
Total Interest bearing liabilities 183648.16 191821.35 176992.70

Equity Capital 1689.71 1902.17 2618.16

Reserves 16282.85 15626.25 15592.30
Total Equity 17972.56 17528.42 18210.46
5 Interest Income 19073.76 16391.68 14600.95
6 Interest Expenditure 18889 18166 17603
10 Non-interest operating income 19387857 28756440 26223513
11 Non-interest operating Expenditure 63614690 63610278 64063689
12 Provisions and Contingencies 3771 5543 7850
Provisions and Contingencies include provision for tax 0 6.86 233.11
Profit After tax -2135 -4696 -10228

Profitability Ratios
Return on Assets= NI/ TA 0.09 0.08 0.08
Equity Multiplier TA/ TE 181.46 175.95 125.03
TE/ TA 0.55% 0.57% 0.80%
ROE=ROA X EM 0.05% 0.05% 0.07%

NI/ OR -4% -10% -21%

OR/ TA 8.48% 7.40% 7.38%
TA/ TE 17.06 19.09 17.98

(II - IE)/ TA 0.06% -0.53% -0.92%

(OI-OE)/ TA 0.0013% 0.0012% 0.0011%
Provisions/TA 0.0000% 0.0020% 0.0712%
ROA 9.11% 8.26% 8.18%

(II- IE)/E A 0.07% -0.76% -1.15%

EA/ TA 88.05% 69.54% 79.50%
(II - IE)/ TA 0.06% -0.53% -0.92%
NIM
II/ EA 7.06% 7.04% 5.61%
IE/ Intt Bearing Liab 10% 9% 10%
Intt Bearing Liabilities/ EA 68% 82% 68%
Spread -58% -73% -58%

Efficiency ratio= Non intt exp/ (Net Interest Income+Non intt income) 68% 66% 66%

Risk Ratios
Liquidity Risk= Short term securities/ Deposits 0.26 0.08 0.15
Interest Rate Risk = Interest Sensitive Assets/ Interest Sensitive Liabilit 1.35 4.97 6.85
Credit Risk = Provisioning / Assets 1.23% 1.66% 2.40%
Capital Risk = Capital / Assets 0.55% 0.57% 0.80%
Leverage ratio= Total equity/Total assets 0.06 0.05 0.06
Total capital ratio= (Total equity + Long-term debt + Reserve for loan
losses)/Total assets 10.81% 10.12% 10.05%
Provision for loan loss ratio= PLL/ TL (provision for loan losses/total
loans and leases) 0.02 0.04 0.05
Loan Ratio = Net loans/ Total assets 59.89% 57.31% 54.07%
Loss Ratio = Net charge-offs on loans (gross charge-offs minus
recoveries)/ Total loans and leases
NA NA NA
Reserve Ratio = Reserve for loan losses (reserve for loan losses last
year minus gross charge-offs plus PLL and recoveries)/Total loans
and leases
NA NA NA

Nonperforming ratio= Nonperforming assets (nonaccrual loans and

restructured loans)/Total loans and leases 0.28% 0.33% 1.30%

Operating efficiency (cost control)= Wages and salaries/Total

expenses 70.12% 66.18% 62.10%

Volatile liability dependency ratio= (Total volatile liabilities -

Temporary investments)/Net loans and leases NA NA NA

Other Financial Ratios

Tax rate = Total taxes paid/Net income before taxes 0.00% 30.69% 35.30%
Gap ratio = (Interest rate-sensitive assets – Interest rate-sensitive
liabilities)/ Total assets NA NA NA
 Analysis and comments
Mar-19 Mar-20

Rs in Crore Rs in Crore
331884.64 357337.45

20779.45 30021.92
2948388573.00 2998554368.00
10518.14 6044.56
- -
125452.74 142525.67
147425.48 151952.38
272878.22 294478.05
- -
122138.87 130200.00
161763.21 1221388.00
5639.67 6076.03
530.00 530.00
167932.88 1227994.03

4047.20 5709.76
15136.29 15826.73
19183.49 21536.49
13053.83 12609.27
15935 16005
24129368 36368216
60586250 69215209
8778 5482
-2528.74 211.86
-15946 -17266

0.08 0.08
Return On Assets: Return on Assets depicts that how much the firm is earning in response to
82.00 62.58
Equity Multiplier: Equity Multiplier depicts that how much assets of the company or firm is
1.22% 1.60%
finance the purchase of assets. For, Central Bank of India it can be seen that the equity multipl
0.09% 0.12%
Total Equity/ Total Assets: It represents how much of assets is owned by equity. The higher t
-25% -5%
over the year which is a good indicator for Central bank of India.
6.85% 6.63% Return On Equity: It indicates the how much the firm is earning in response to its Equity the
17.30 16.59 firm is performing well in comparison to previous years.
NI/OR: It indicates how much income is generated by the firm in response to its operating rev
-0.87% -0.95% is good indicator that the bank is performing really well and giving more and more return ever
0.0011% 0.0010% OR/TA: It indicates that how much the total operating sales of the firm in comparison to its to
-0.7619% 0.0593% it is 8.48% which is less thus it needs to be improved.
7.58% 7.64% TA/TE: Total Asset/Total Equity (Equity Multiplier) depicts that how much assets of the comp
borrowed to finance the purchase of assets.For, Central Bank of India it can be seen that the eq
-1.06% -1.15% was 17.06.
82.22% 82.41% (II-IE)/TA: It represents interest income minus interest expenditure in response to the total as
-0.87% -0.95% on debts in comparison to its assets. For Central bank it is showing the negative trend over the
(Operating Income-Operating Expenditure)/Total Assets :It indicates that how well the firm
is showing the expenditure Is more than the income which can be justifiable in case of banks b
Efficiency Ratio:The efficiency ratio is typically used to analyse how well a bank uses its ass
declining and it needs to be improved.
Spread: Spread is the difference between the interest rate that a bank charges a borrower and
 borrowed to finance the purchase of assets.For, Central Bank of India it can be seen that the eq
was 17.06.
(II-IE)/TA: It represents interest income minus interest expenditure in response to the total as
on debts in comparison to its assets. For Central bank it is showing the negative trend over the
(Operating Income-Operating Expenditure)/Total Assets :It indicates that how well the firm
is showing the expenditure Is more than the income which can be justifiable in case of banks b
4.78% 4.28%
Efficiency Ratio:The efficiency ratio is typically used to analyse how well a bank uses its ass
9% 1%
declining and it needs to be improved.
62% 417%
Spread: Spread is the difference between the interest rate that a bank charges a borrower and
-52% -416%
earnings of the banks, and it has a stable positiona as of now.
63% 59%

0.31 0.15 Liquidity Risk : The liquidity coverage ratio is the requirement whereby banks must hold a

12.15 3.80 similar to the LCR in that they measure a company's ability to meet its short-term financial o
2.64% 1.53% financial health and is less likely to face financial hardships. The higher ratio, the higher is th
1.22% 1.60% ratios are below ideal, which means bank can face difficulty in paying off its short term liabi
0.06 0.06 Interest rate risk: Interest rate risk refers to the current or prospective risk to the bank’s cap
positions. Changes in interest rates also affect a bank’s earnings by altering interest rate-sens
10.28% 9.41% IRR , which is a good sign.
Credit risk: Credit risk refers to the risk of default or non-payment or non-adherence to con
0.06 0.04 from borrower. Central Bank of India's credit risk is rising from last 2016-19 and then it is d
50.60% 343.65% Capital to asset ratio: The capital-to-asset ratio calculates a company's assets and capital to
bank. During last 5 years central bank of India's ratio is increasing which is a good sign.
Leverage Ratio: Leverage ratio are used to determine the relative level of debt load that a b
NA NA business. Central Bank of India has maintained its ratio around 0.05 which is ideal.
Total Capital Ratio: The capital ratio is the percentage of a bank's capital to its risk-weighte
Accord. Basel II requires that the total capital ratio must be no lower than 8% Cenral bank o
Provision for loan loss ratio: The loan loss reserve is a balance sheet account that represent
NA NA
Loan Ratio:The loans to assets ratio measures the total loans outstanding as a percentage of
Central Bank of Indiais around 60% of its total asset, and it has increased to 343.65% which
Loss Ratio: Loss ratio is the total amount of unrecoverable debt when compared to total out
1.36% NA
Non Performing Ratio: The nonperforming loan ratio, better known as the NPL ratio, is the
loans the bank holds.When a borrower has not made regular payments.
Operating Efficiency Ratio:A bank's operating expenses are in the numerator and its reven
58.79% 60.90%
of 50% or under is considered optimal. The Cenral Bank of India's ratios are around 60% thu

NA NA

31.00% -23.06%

NA NA
firm is earning in response to its assets. If we see Central bank of India is earning is almost consistent return from its assets from the last 5 y
ets of the company or firm is financed by the Equity. The equity multiplier is a ratio that measures a company's financial leverage, which is
be seen that the equity multiplier is decreasing over the year which is a good indicator that most of the assets of the firm are financed by equi
owned by equity. The higher the ratio it is more beneficial for the firm. In 2020 it 1.60% where as in 2016 it was just 0.55% which is indicati

g in response to its Equity the higher the ratio it is more beneficial for a firm. For, Central Bank of India it is 0.12% in 2020 in comparison to

n response to its operating revenue and the higher the ratio it is beneficial for the firm. For Central bank of India it is -5% in year 2020 which
ng more and more return every year.
he firm in comparison to its total assets. The higher the ration the better it will be for the firm. The Central bank of India is consistently decre

how much assets of the company or firm is financed by the Equity. The equity multiplier is a ratio that measures a company's financial  leve
India it can be seen that the equity multiplier is decreasing over the year which is a good indicator that most of the assets of the firm are finan

ure in response to the total assets. The positive and higher ratio is good for the firm which simply implies that the firm is generating more i
ng the negative trend over the past 5 years and it is 3.67% in the year 2020 which is indicating that Central Bank of India performing level is
ndicates that how well the firm is doing in its non- interest income and non- interest expenditure in response to its total assets. For the year 2
e justifiable in case of banks because most the income is interest income only but the Central bank of India can improve this ratio by increas
e how well a bank uses its assets and liabilities internally. Efficiency ratios allows analysts to assess the performance of commercial and inve

bank charges a borrower and the interest rate a bank pays a depositor, since over the years the spread of bank has been in the range of 10% (+
India it can be seen that the equity multiplier is decreasing over the year which is a good indicator that most of the assets of the firm are finan

ure in response to the total assets. The positive and higher ratio is good for the firm which simply implies that the firm is generating more i
ng the negative trend over the past 5 years and it is 3.67% in the year 2020 which is indicating that Central Bank of India performing level is
ndicates that how well the firm is doing in its non- interest income and non- interest expenditure in response to its total assets. For the year 2
e justifiable in case of banks because most the income is interest income only but the Central bank of India can improve this ratio by increas
e how well a bank uses its assets and liabilities internally. Efficiency ratios allows analysts to assess the performance of commercial and inve

bank charges a borrower and the interest rate a bank pays a depositor, since over the years the spread of bank has been in the range of 10% (+

t whereby banks must hold an amount of high-quality liquid assets that's enough to fund cash outflows for 30 days. Liquidity ratios are
meet its short-term financial obligations. A good liquidity ratio is anything greater than 1. It indicates that the company is in good
he higher ratio, the higher is the safety margin that the business possesses to meet its current liabilities. Central Bank of India's liquidity
paying off its short term liability.
spective risk to the bank’s capital and earnings arising from adverse movements in interest rates that affect the bank’s banking book
s by altering interest rate-sensitive income and expenses, affecting its net interest income. Central Bank of India is trying to maintain it's

ment or non-adherence to contractual obligations by a borrower. High credit risk means there is high chances of not receiving payment
m last 2016-19 and then it is declined in 2019-20 which is still a good sign.
ompany's assets and capital to determine whether there is enough capital to cover the assets. Higher the ratio, better is the position of the
ing which is a good sign.
ive level of debt load that a business has incurred. These ratios compare the total debt obligation to either the assets or equity of a
0.05 which is ideal.
nk's capital to its risk-weighted assets. Weights are defined by risk-sensitivity ratios whose calculation is dictated under the relevant
lower than 8% Cenral bank of India is maintaing its ratios near 10% from last 5 years, which means bank has less risk weighted assets.
e sheet account that represents a bank's best estimate of future loan losses.
utstanding as a percentage of total assets. The higher the ratio, the more risky a bank may be to higher defaults. Here net loans of
increased to 343.65% which means bank is giving uncessary and doubtfull loan, which is not a good sign.
bt when compared to total outstanding debt.
known as the NPL ratio, is the ratio of the amount of nonperforming loans in a bank's loan portfolio to the total amount of outstanding
yments.
n the numerator and its revenue is in the denominator, a lower efficiency ratio means that a bank is operating better. An efficiency ratio
ia's ratios are around 60% thus it is not a good sign.
ts assets from the last 5 years.
ancial leverage, which is the amount of money the company has borrowed to
firm are financed by equity.
st 0.55% which is indicating that the dependency of assets on equity is increasing

in 2020 in comparison to 0.09% in year 2019 which is clearly showing that the

s -5% in year 2020 which is highest in comparison to the previous 5 years which

ndia is consistently decreasing over the years for 2020 it is 6.63% and for 2016

company's financial  leverage, which is the amount of money the company has
assets of the firm are financed by equity. In 2020 it is 16.59 where as in 2016 it

irm is generating more interest income from its investments than its expenditure
India performing level is declining.
otal assets. For the year 2020 its 0.0010% and over the years its is negative which
rove this ratio by increasing the non- operating interest income.
e of commercial and investment banks.From 2016 to 2020 the efficency ratio is

een in the range of 10% (+/-) which indicates that there is a stability in the
assets of the firm are financed by equity. In 2020 it is 16.59 where as in 2016 it

irm is generating more interest income from its investments than its expenditure
India performing level is declining.
otal assets. For the year 2020 its 0.0010% and over the years its is negative which
rove this ratio by increasing the non- operating interest income.
e of commercial and investment banks.From 2016 to 2020 the efficency ratio is

een in the range of 10% (+/-) which indicates that there is a stability in the

. Liquidity ratios are
any is in good
k of India's liquidity

’s banking book
rying to maintain it's

receiving payment

is the position of the

s or equity of a

nder the relevant

isk weighted assets.

re net loans of

ount of outstanding

. An efficiency ratio