Your Directors have pleasure in presenting the Integrated
Annual Report of the Bank along with the Audited Statement
of Accounts, the Profit and Loss accounts and the cash flow
statement for the year ended March 31,2025.

1. Performance Highlights:

• Total Business of the Bank stood at '702798 crore as
at March 31,2025 compared to '636756 crore as at
March 31,2024.

• Total Deposits stood at '412697 crore as against
'385011 crore in March 31,2024.

• Total Advances of the Bank stood at '290101 crore
as against '251745 crore in March 31,2024.

• Total Income for the financial year ended March 31,
2025 was '39520 crore as compared to '35434
crore for the financial year ended March 31,2024.

• Non-Interest Income of the Bank stood at '5855
crore for the financial year ended March 31, 2025
compared to '4712 crore for the financial year ended
March 31,2024.

• Operating Profit of the Bank increased to '8124
crore for the financial year ended March 31, 2025
as compared to '7363 crore for the corresponding
previous financial year ended March 31, 2024
showing increase of 10.34%.

• The Bank has earned Net Profit of '3785 crore for the
financial year ended March 31, 2025 as compared
to Net profit of '2549 crore during previous financial
year ended March 31,2024.

• Business per employee increased to '21.31 crore
during the financial year ended March 31,2025 from
'19.94 crore in the previous financial year ended
March 31,2024.

• Capital Adequacy Ratio (as per Basel-III) stood at
17.02% with Tier I at 14.73% and Tier II at 2.29% for
the financial year ended March 31,2025. (Bank has
computed Capital Ratio after adjustment for reckoning
NPV of non-interest bearing recapitalization bond
issued by Government of India).

• Net worth stood at '32574.54 crore as on March 31,
2025.

• Cash Recovery (including sale of NPA & written off
accounts) is '3396 crore in the financial year ended
March 31, 2025 as compared to '3636 crore in the
previous financial year ended March 31,2024.

• Gross NPA to Gross Advances improved to
3.18% as on March 31, 2025 from 4.50% as on
March 31,2024.

• Net NPA to Net Advances reduced to 0.55%
as on March 31,2025 as against 1.23% as on March
31,2024.

• Provision Coverage Ratio improved to 96.54% as on
March 31,2025 from 93.58% as on March 31,2024.

• Net Interest Margin (NIM) for the financial year
stood at the same level of 3.40% as at the end of
March 31,2025, when compared on YoY basis.

• Return on Assets (ROA) improved to 0.86 % for
March 2025, from 0.63% at March 2024, registering
an improvement of 23 bps.

• The credit deployment under priority sector stood at
'134646.12 crore during FY 2024-25. However, to
take an advantage of excessive lending over ANBC in
Priority Sector credit, Bank undertook sale/purchase
transactions in PSLCs. During the year, Bank sold
PLSCs worth '7000 crore under PS Advances.

• Agriculture Advance of the Bank stood at '52456
crore for the financial year ended March 31,2025 as
against '46063 crore for the previous financial year
ended March 31,2024.

• MSME Advance of the Bank stood at '59243 Crore
for the financial year ended March 31, 2025 as
against '49870 crore for the previous financial year
ended March 31,2024.

• Retail Loans increased to '82383 crore in financial
year ended March 31, 2025 from '71193 crore in
financial year ended March 31,2024.

• Housing Loan portfolio of the Bank stood
at '52164 crore for the financial year ended
March 31,2025, registering y-o-y growth of 18.40%.
Housing Loan Portfolio constitutes 63.32% of the
total Retail Portfolio as on March 31,2025.

• There are 47 RSETIs in 9 States of the country viz.
Madhya Pradesh (18), Bihar (9), Maharashtra (6),
Uttar Pradesh (5), West Bengal (3), Chhattisgarh
(3), Rajasthan (1), Odissa (1) and Assam (1).
During the year 2024-25, the RSETIs conducted
1473 training programmes and imparted training to
45317 candidates. Out of which, 32992 (i.e. 72.80%)
trainees were settled. Credit linkage of settled
candidates achieved is 18687 i.e. 56.64%.

• Bank has 2 RRBs as on March 31, 2025 in 2 states
covering 23 districts with a network of 1169 branches.
Under Financial Inclusion, Bank deployed total 3987
BC Agents.

• Total earning from Bancassurance business
is '141.68 crore for the financial year ended
March 31,2025.

• Bank is having pan India presence with total 20915
Touch Points, with network of 4545 branches with

2964 branches in rural & semi-urban areas (65.21%),
4085 ATMs and 12260 BC Points and 25 BC Maxx
Points as on March 31,2025.

* Figures have been recalculated/ regrouped wherever
necessary to confirm the current year classification

2. Income & Expenditure:

Details of income and expenditure for the financial year
2024-25 are given hereunder:

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

3. Provisions:

Details of Total Provisions of '4339 crore charged to the Profit and Loss Account during the financial year 2024-25 vis¬
a-vis previous financial year are detailed as under:

(' in Crores)

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

4. Profitability Ratios:

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification

5. Business Ratios:

* Figures have been recalculated/ regrouped wherever necessary to confirm the current year classification.

6. Capital to Risk Weighted Assets Ratio (CRAR):

The components of Capital Adequacy Ratio were as under:

* As advised by RBI in its risk assessment report, Bank has computed Capital Ratio after adjustment for reckoning NPV of non-interest
bearing recapitalization bond issued by Government of India

7. Net Profit/Loss:

The Bank has earned net profit amounting to '3785
crore during the financial year ended March 31, 2025.
Board of Directors are pleased to announce dividend
payout ratio of 4.48% of the Company's profit after
tax for the financial year 2024-25. The Board believes
that this dividend distribution appropriately balances
rewarding our shareholders with maintaining a strong
financial position of the Bank.

8. Dividend:

The Board of Directors are pleased to recommend for
your approval, at the ensuing Annual General Meeting
(AGM), the payment of a final dividend of '0.1875
per equity share of '10 each, for the financial year
ended March 31, 2025. This dividend, if approved,
will result in a total cash outflow of '169.74 crore.
This recommendation is made keeping in view the
Bank's performance during the year, its future growth

prospects and the need to retain adequate reserves for
business expansion and operational requirements. The
dividend, if approved/declared at AGM, will be paid to
those shareholders whose names will appear on the
Register of Members as on the Book Closure date i.e.
June, 2025.

9. Changes in the Board during
the year:

Shri Dinesh Pangtey, ceased to be Shareholder Director
of the Bank on account of completion of term of 03 years
from the Bank w.ef. 30.06.2024.

Shri Sarada Kumar Hota was appointed as Shareholder
director of the Bank for the term of 03 years w.e.f.

17.07.2024

Smt. Charulatha S Kar ceased to be RBI Nominee
Director of Bank w.e.f 12.12.2024.

Shri Manoranjan Dash was appointed as RBI Nominee
Director of the Bank by Government of India w.e.f.

12.12.2024

Shri Pradip P Khimani was reappointed as Part time
Non-official Director of the Bank by Government of India
on 11.04.2025 consequent to completion of his earlier
term of 03 years on 20.12.2024

10. Whistle Blower Policy:

Bank follows Central Vigilance Commission Guidelines
on Whistle Blower complaints under Public Interest
Disclosure and Protection of Informers (PIDPI)
resolution. Bank has a web-based portal in the name
of “Cent e-Whistleblower” to facilitate reporting of
malpractices by Employees and Directors without
revealing their identities, which would be known to the
General Manager - Human Resources Department.
Directors and Employees may also approach Chairman
of the Audit Committee of the Board directly. This may
help to curb malpractices, prevent frauds and boost up
morale of the employees

11. Performance Evaluation of
The Directors and the Board:

In terms of Regulation 25 of SEBI (LODR) Regulations
2015, the performance of the Board as whole and non¬
independent directors was evaluated by the Independent
Directors in a separate Meeting held on March 21,2025.

Further, the performance evaluation of Whole Time
Directors is carried out by Committee of Board for
Performance Evaluation based on guidelines prescribed
by Government of India. Further, Performance of non¬
official Directors/ Shareholder Director is done by Board
of Directors on annual basis.

12. Board and Its Sub-Committees:

The composition of the Board and its Sub-committees
as required to be constituted as per the SEBI (LODR)
Regulations, Government of India / Reserve Bank India
Guidelines and the meetings held therein are mentioned
in the Corporate Governance Report.

13. Declaration by Independent
Directors during the Year:

All the Independent Directors of Bank have submitted
the declaration confirming that they meet the criteria of
independence as provided under Regulation 25 of SEBI
(LODR) Regulations, 2015.

14. Secretarial Audit:

Pursuant to Regulation 24A of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and
SEBI Circular No. CIR/CFD/CMD1/27/2019 dated
February 08, 2019, Bank had appointed M/s. S.G. &
Associates (proprietor Mr. Ganesh Ganpule), Practicing
Company Secretaries, Mumbai as a Secretarial Auditor
to undertake Secretarial audit of Bank for the financial
year 2024-25. The Secretarial Audit Report is annexed
to this Report.

15. Management’s Discussion and
Analysis Report:

Pursuant to Regulation 34 read with Schedule V to the
Listing Regulations, Management's Discussion and
Analysis for the year under review is presented in a
separate section forming part of the Annual Report.

16. Business Responsibility and
Sustainability Report:

Business Responsibility and Sustainability Report
as stipulated under Regulation 34 of the Securities
and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 has been
annexed to this report and also hosted on the website of
the Bank (www.centralbankofindia.co.in).

17. Dividend Distribution Policy:

In accordance with the Regulation 43A of Securities
and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Bank
has formulated a Dividend Distribution Policy. The
policy has been displayed on the Bank's website at
(www.centralbankofindia.co.in).

18. Directors’ Responsibility Statement:

The Directors confirm that in the preparation
of the annual accounts for the financial year ended
March 31,2025.

The applicable accounting standards have been
followed along with proper explanation relating to
material departure, if any; The accounting policies
framed in accordance with the guidelines of the Reserve
Bank of India were consistently applied; Reasonable and
prudent judgement and estimates were made so as to
give a true and fair view of the state of affairs of the Bank
at the end of the financial year and of the profit/ loss of
the Bank for the financial year ended March 31, 2025.
Proper and sufficient care was taken for the maintenance
of adequate accounting records in accordance with
the provisions of the applicable laws governing banks
in India.

The accounts have been prepared on a going concern
basis. Internal Financial Controls are adequate and were
operating effectively and Proper systems have been
devised to ensure compliance with the provisions of all
applicable laws and these systems are adequate and
operating effectively.

19. Corporate Governance:

The Board of the Bank is committed to adopt best
Corporate Governance practices in both letter and spirit.
The Bank has a well-documented system and practice
on Corporate Governance. The Corporate Governance
Report of the Bank is annexed to this Report.

20. Acknowledgment:

The Board of Directors places on record its gratitude to
its Shareholders, Government of India, Reserve Bank
of India, SEBI, Indian Bank's Association, Customers,
Depositors, Stock Exchanges Depositories, and the
other Stakeholders for their valuable guidance and
support. The Board acknowledges with gratitude the
unstinted support and faith of its employees, customers
and shareholders

For and on behalf of the
Board of Directors

For M V Rao

Managing Director
and Chief Executive Officer

Place: Mumbai

Date: June 13^th, 2025