Central Bank of India reported a total recovery of ₹3,307 crore during the financial year ended March 2026 and said it expected recoveries to exceed ₹3,500 crore in financial year 2027, according to The Hindu BusinessLine.
RECOVERY PERFORMANCE AND FY27 OUTLOOK
Managing director and chief executive Kalyan Kumar said total recovery in FY27 should be between ₹3,500 crore and ₹4,000 crore. He said the bank had about ₹32,000 crore in technically written-off accounts.
The Hindu BusinessLine reported the recovery numbers, citing MD and CEO Kalyan Kumar.
Of the FY26 total, ₹2,270 crore came from written-off loan accounts; MD and CEO Kalyan Kumar said the bank would launch special one-time settlement schemes for agricultural accounts and intensify recovery through property expos and SARFAESI actions, and that it expected ₹2,300-2,500 crore of recovery from written-off loans in FY27.
The bank also plans to launch wealth management and credit card businesses in the second half of FY27 and is developing cash management services for corporate customers, targeted for launch in August, according to PTI.