Central Bank of India

Central Bank of India faces a series of ongoing insolvency proceedings, reflecting challenges in recovering assets from distressed borrowers. The National Company Law Tribunal (NCLT) has repeatedly adjourned hearings in petitions against entities including Hind Industries, Al-Mashriq Exports, Integrated Livestock Village Farm, Radhika Kantipadi, K. Gnyandeep Kantipadi, Kavish Gupta, SEL Textile Ltd, and RS Ingot, citing time constraints and procedural matters. Simultaneously, the Supreme Court is addressing appeals and petitions related to the bank's actions, including a contempt petition resulting in an order to pay ₹1.24 crore in back wages. Despite these legal hurdles, the bank reported a 30% decline in Q4 net profit due to a deferred tax adjustment, while demonstrating robust business growth and improved asset quality, and provided guidance for continued credit and deposit expansion.