01-May-2026
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Central Bank of India PAT down 30% YoY on one-time tax impact
01-May-2026

Central Bank of India’s net profit for the quarter ended March declined by 30% on year Rs 724 crore, mainly due to a one-time Rs 632 crore hit from deferred tax asset revaluation after a tax rate change. “Net Profit decreased to Rs 724 crore in Q4FY26 on YoY basis as against Rs 1034 crore, as bank has taken onetime impact of Rs 632 crore due to recognition of Deferred Tax Asset at 25.168% as against 34.944%,” the bank said.

News Source:- https://www.financialexpress.com/business/banking-finance-central-banknbspofnbspindianbsppatnbspdownnbsp30nbspyoynbsponnbspone-time-tax-impact-4223862/
 
 
 
 
 

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