Central Bank of India is a public sector bank established in 1911 and headquartered in Mumbai. It offers a full range of banking services across retail, corporate, treasury, and international segments. With over 4,700 branches nationwide, the bank has made significant progress in recent years—reducing NPAs, strengthening capital buffers, and returning to consistent profitability. In FY2025, it reported 48.50% YoY profit growth, supported by improved asset quality and disciplined provisioning. This article provides a realistic, data-backed outlook on the Central Bank of India share price target 2026–2030, based on verified financials from Screener.in, Moneycontrol, Groww, and Finology as of January 13, 2026.
Central Bank of India: Company Overview
- Founded: 1911
- Managing Director: Shri Baldeo Purushartha (as of Aug 2025)
- NSE Symbol: CENTRALBK
- Business Segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Other Banking Operations
- Market Position: Mid-sized public sector bank with strong regional presence
Central Bank of India has focused on balance sheet repair, digital transformation, and cost rationalization. Its CASA ratio has improved steadily, supporting lower funding costs—a key advantage in the current interest rate environment.
Central Bank of India: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹38.29 |
| Market Capitalization | ₹34,657.82 Cr |
| No. of Shares Outstanding | 905.14 Cr |
| 52-Week High / Low | ₹61.90 / ₹32.75 |
| P/E Ratio (TTM) | 7.92 |
| P/B Ratio | 1.02 |
| EPS (TTM) | ₹4.83 |
| Book Value (TTM) | ₹37.68 |
| ROE | 12.48% |
| ROCE | 11.29% |
| Dividend Yield | 0.49% |
| Face Value | ₹10 |
| Net Interest Income | ₹13,896.89 Cr |
| Cost-to-Income Ratio | 58.87% |
| Capital Adequacy Ratio (CAR) | 17.02% |
| Profit Growth (YoY) | 48.50% |
| CASA % | 48.97% |
Central Bank of India Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹41 – ₹46 |
| 2027 | ₹44 – ₹50 |
| 2028 | ₹48 – ₹55 |
| 2029 | ₹52 – ₹61 |
| 2030 | ₹56 – ₹67 |
Central Bank of India Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹41 | ₹46 |
Central Bank of India posted 48.50% YoY profit growth in FY2025, driven by lower provisioning and stable net interest income. Trading at a P/E of 7.92 and P/B of 1.02—with ROE of 12.48%—the stock appears fairly valued relative to PSU banking peers. A healthy CAR (17.02%) and strong CASA ratio (48.97%) support sustainable operations. Given modest earnings scale (EPS: ₹4.83) and high promoter holding (89.27%), near-term upside is steady but not explosive. A 2026 target range of ₹41–₹46 assumes continued macro stability and no fresh slippages.
Central Bank of India Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹44 | ₹50 |
If the bank gradually improves its cost-to-income ratio (currently 58.87%) and sustains retail loan growth, earnings could grow at 15–18% annually. The bank resumed dividends in FY2025 (₹0.20/share), signaling a shift toward shareholder returns. Assuming EPS reaches ₹5.30–₹5.80 by FY27 and P/E stabilizes around 8.3–8.6x, the 2027 target range of ₹44–₹50 is reasonable.
Central Bank of India Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹48 | ₹55 |
By 2028, benefits from past NPA resolution and digital initiatives should reflect more clearly in margins. With a CAR well above regulatory minimums, the bank can expand credit without immediate capital dilution. A P/E of 8.5–9x on projected EPS of ₹5.60–₹6.10 supports the ₹48–₹55 band, assuming ROE holds above 12%.
Central Bank of India Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹52 | ₹61 |
Long-term credit demand in semi-urban and rural India remains supportive. However, competition from larger PSUs like SBI and private banks may cap pricing power. If asset quality remains stable and net interest income grows at 8–10% CAGR, EPS could reach ₹6.00–₹6.50 by FY29. At a P/E of 8.7–9.4x, the 2029 target is ₹52–₹61.
Central Bank of India Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹56 | ₹67 |
Over a five-year horizon, the Central Bank of India offers moderate growth with defensive capital strength. While it lacks the scale of top-tier PSUs, its improving fundamentals make it a viable satellite holding. A terminal P/E of 9–10x on FY30 EPS (~₹6.20–₹6.70) justifies the ₹56–₹67 range. Upside remains limited by structural inefficiencies, but downside risk is low due to strong buffers.
Central Bank of India: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Government of India) | 89.27% |
| Domestic Institutional Investors (DII) | 4.86% |
| Foreign Institutional Investors (FII) | 0.88% |
| Public & Others | 4.99% |
The extremely high promoter stake ensures policy continuity but limits free float liquidity and institutional participation.
Central Bank of India: Strengths vs Risks
Strengths:
- Strong 5-year profit CAGR (39.2%) and return to consistent ROE (12.48% in FY25)
- Healthy CASA ratio (48.97%) reduces funding costs
- Robust capital adequacy (CAR: 17.02%), well above RBI’s 11.5% requirement
- Resumed dividend payments after several years of suspension
Risks:
- High cost-to-income ratio (58.87%) limits margin expansion
- Very low free float (public holding: ~5%) affects liquidity and price discovery
- Contingent liabilities of ₹1,51,986 Cr require ongoing monitoring
- Vulnerable to interest rate cycles and regional economic slowdowns
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than large-cap PSU peers due to low float |
| Dividend/Income Potential | Low (0.49% yield), but dividend resumption is positive |
| Best For | Conservative investors seeking small PSU banking exposure with recovery potential |
FAQs
Is the Central Bank of India a good buy?
Yes, as a small, tactical allocation for long-term portfolios. Its fundamentals have improved significantly, but high promoter holding and operational inefficiencies limit aggressive upside. Suitable only for investors comfortable with mid-cap PSU bank volatility.
Is the Central Bank of India government or private?
It is a public sector bank, fully owned by the Government of India (89.27% stake). It was nationalized in 1969.
What is the price of the Central Bank share?
As of January 13, 2026, the share price is approximately ₹38.29, with a market capitalization of ₹34,658 Cr.
Which is better, SBI or the Central Bank of India?
SBI is significantly larger, more liquid, and offers higher ROE (~16.9%) with consistent dividends. The Central Bank is smaller, less efficient, and trades at a similar P/E despite lower scale. SBI is preferred for core banking exposure; Central Bank suits only niche, high-conviction positions.
Final Verdict
Central Bank of India has turned a corner after years of stress, now delivering strong profit growth and maintaining robust capital buffers. While it lacks the scale and efficiency of top-tier PSU banks, its improving CASA mix, resumed dividends, and undemanding valuation offer modest appeal.
Our Central Bank of India share price target 2026–2030 (₹41 to ₹67) reflects cautious optimism—rooted in historical performance, sector trends, and realistic valuation expansion. Investors should monitor quarterly asset quality, cost ratios, and dividend policy before increasing exposure.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Central Bank of India Consolidated Page (FY2025 + TTM)
- Groww.in – Central Bank of India Stock Profile
- Moneycontrol.com – Central Bank of India Quote & Financials
- Finology Ticker – Central Bank of India Analysis
- Central Bank of India Investor Presentation (Q4 FY25, Apr 2025)
