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

financial year ended March 31,2026.

1. Performance Highlights:

• Total Business of the Bank stood at '812439 crore as at March

31.2026 compared to '702798 crore as at March 31,2025.

• Total Deposits stood at '467923 crore as against '412697
crore in March 31,2025.

• Total Advances of the Bank stood at '344516 crore as against
'290101 crore in March 31,2025.

• Total Income for the financial year ended March 31,2026 was
'42342 crore as compared to '39308 crore for the financial
year ended March 31,2025.

• Non-Interest Income of the Bank stood at '6316 crore for the
financial year ended March 31, 2026 compared to '5642¹
crore for the financial year ended March 31, 2025.

• Operating Profit of the Bank increased to '8479 crore for the
financial year ended March 31, 2026 as compared to '8124
crore for the corresponding previous financial year ended
March 31,2025 showing increase of 4.37%.

• The Bank has earned Net Profit of '4369² crore for the
financial year ended March 31, 2026 as compared to Net
profit of '3785 crore during previous financial year ended
March 31,2025.

• Business per employee increased to '23.89 crore during the
financial year ended March 31,2026 from '21.31 crore in the
previous financial year ended March 31,2025.

• Capital Adequacy Ratio (as per Basel-III) stood at 17.91% with
Tier I at 15.61% and Tier II at 2.30% for the financial year
ended March 31, 2026. (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 '34599.72 crore as on March 31,2026.

• Cash Recovery (including sale of NPA & written off accounts)
is '3418 crore in the financial year ended March 31, 2026 as
compared to '3396 crore in the previous financial year ended
March 31,2025.

• Gross NPA to Gross Advances improved to 2.67% as on March

31.2026 from 3.18% as on March 31,2025.

• Net NPA to Net Advances reduced to 0.49% as on March 31,
2026 as against 0.55% as on March 31,2025.

• Provision Coverage Ratio reduced to 95.97% as on March 31,
2026 from 96.54% as on March 31,2025.

• Return on Assets (ROA) improved to 0.89 % for March 2026,
from 0.86% at March 2025, registering an improvement of 3
bps.

• The credit deployment under priority sector stood at
'159094.26 crore during FY 2025-26. 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 PSLCs worth '6800 crore under
PS Advances.

• Agriculture Advance of the Bank stood at '61687 crore for the
financial year ended March 31,2026 as against '52456 crore
for the previous financial year ended March 31,2025.

• MSME Advance of the Bank stood at '69351 Crore for the
financial year ended March 31,2026 as against '59243 crore
for the previous financial year ended March 31,2025.

• Retail Loans increased to '103533 crore in financial year
ended March 31, 2026 from '82383 crore in financial year
ended March 31,2025.

• Housing Loan portfolio of the Bank stood at '59012 crore for
the financial year ended March 31, 2026, registering y-o-y
growth of 13.13%. Housing Loan Portfolio constitutes 57% of
the total Retail Portfolio as on March 31,2026.

• There are 48 RSETIs in 9 States of the country viz. Madhya
Pradesh (18), Bihar (9), Maharashtra (6), Uttar Pradesh (5),
West Bengal (3), Chhattisgarh (4), Rajasthan (1), Odissa (1) and
Assam (1). During the year 2025-26, the RSETIs conducted
1486 training programmes and imparted training to 46188
candidates. Out of which, 34037 (i.e. 73.69%) trainees were
settled. Credit linkage of settled candidates achieved is 22214
i.e. 65.26%.

• Total earning from Bancassurance business is '161 crore for the
financial year ended March 31,2026 including Bancassurance
earnings from its Two Associates Generali Central Insurance
Co. Ltd. & Generali Central Life Insurance Co. Ltd.

• Bank is having pan India presence with total 22129 Touch
Points, with network of 4585 branches with 2989 branches
in rural & semi-urban areas (65.19%), 779 branches in urban
and 817 branches in Metro, 3819 ATMs and 13685 BC Points
and 40 BC Maxx Points as on March 31,2026.

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

** After taking one time impact of recognition of Deferred Tax
Asset at 25.168% as against 34.944% amounting to '632
Crore.

2. Income & Expenditure:

Details of income and expenditure for the financial year 2025-26 are given as under:

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

3. Provisions:

Details of Total Provisions of '4110 crore charged to the Profit and Loss Account during the financial year 2025-26 vis- a-vis
previous financial year are detailed as under:

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

4. Profitability Ratios:

Details of profitability ratios for the financial year 2025-26 are as under:

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

5. Business Ratios:

Details of business ratios for the financial year 2025-26 are as under:

* 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 for the financial year 2025-26 are as under:

7. Net Profit/Loss:

The Bank has earned net profit amounting to '4369 crore
(after taking one time impact of recognition of Deferred Tax
Asset at 25.168% as against 34.944% amounting to '632
Crore) during the financial year ended March 31,2026.

8. Dividend:

The Board of Directors of Bank have approved total Interim
Dividend of '1.20 per equity share having face value of
'10 each for financial year 2025-26 (i.e. '0.20 per equity
share for each 1^st Interim Dividend, 2^nd Interim Dividend
and 03^rd Interim Dividend and '0.60 per equity share for
04^th interim Dividend). The Bank had already paid all the

interim dividends to the eligible Shareholders of Bank after
deducting tax at source, pursuant to the Finance Act, 2020,
at prescribed rates as per the Income Tax Act, 1961.

The said dividend involve cash outflow of '1086.17 crore
for FY 2025-26. The above dividend was declared by
Board 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.

9. Capital raised:

No Equity capital was raised by Bank during the
financial year 2025-26.

Further, Bank has redeemed its 01 BASEL III Compliant Tier
II Bonds amounting to '500 crore by exercising call option
during the financial year 2025-26. No Debt capital was
raised by bank during the financial year 2025-26.

10. Changes in the Board during the year

Shri Hardik Mukesh Sheth, ceased to be Government
Nominee Director of Bank w.e.f 24.07.2025.

Shri Baldeo Purushartha was appointed as Government
Nominee Director on the Board of Bank w.e.f. 24.07.2025
untill further orders

Shri Matam Venkat Rao ceased to be the Managing Director
& CEO of the Bank on attaining superannuation on
31.07.2025.

Shri Vivek Wahi ceased to be Executive Director of the Bank
on attaining superannuation on 30.09.2025.

Shri Kalyan Kumar was appointed as Managing Director &
CEO of the Bank w.e.f. 30.09.2025 for the period of three
years and until further orders, whichever is earlier.

Shri E Ratan Kumar was appointed as Executive Director of
the Bank w.e.f. 24.1 1.2025 for the period of three years and
until further orders, whichever is earlier.

The term of Shri Malladi Venkat Murali Krishna as an
Executive Director on the Board of the Bank was extended
by Government of India beyond his existing notified term
which ended on 30^th November, 2025 till the date of his
superannuation i.e. 31^st July, 2027 or until further orders,
whichever is earlier.

11. 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.

12. 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 11^th March, 2026.

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. Also, Performance of Non-Official Directors of Bank
is done by Board of Directors on annual basis in line with
Department of Financial Services guidelines.

The performance evaluation of Board and its sub-committee
for FY 2024-25 was carried out by M/s. KPMG based on
guidance note on Board Evaluation issued by SEBI. The Board
Evaluation report was reviewed by Board in its meeting held
on 1 1.07.2025.

The evaluation of Board, its Sub-Committees and
Individual Directors was carried out by means of structured
questionnaire and individual Directors interaction with
KPMG team to obtain their valuable insights and views on
overall functionality of Bank.

The structured questionnaire for performance evaluation
of Board and its sub-committees included its composition
structure, effectiveness of Board process, oversight, risk and
independence, vision and strategy, roles and functions etc.,

The Directors of Bank expressed satisfaction with the
performance effectiveness of Board, its sub-committees and
Individual Directors.

13. 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.

14. 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.

15. Secretarial Audit:

Pursuant to Regulation 24A of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, other
applicable laws, if any, the relevant circulars issued by SEBI
(including any statutory modification(s) or re-enactment(s)
thereof for the time being in force) and as approved by
members in 18^th AGM of the Bank, the Bank had appointed
M/s. Ragini Chokshi & Co., Practicing Company Secretaries,
Mumbai (Firm Registration No. 92897) as Secretarial Auditor

of the Bank for a period of five years commencing from FY
2025-26 till FY 2029-30. The Secretarial Audit Report is
annexed to this Report. The observations made by Secretarial
Auditor in his Audit Report and Bank's response thereon are
included in Annexure-1.

16. Code of Conduct

Pursuant to the requirements of SEBI (LODR) Regulations,
2015 on Corporate Governance, the Board Members and
Senior Management Personnel of Bank have affirmed
compliance with the Code of Conduct for the financial year
ended 31^st March, 2026.

17. 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.

18. 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 at www.centralbank.bank.
in

19. 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.centralbank.bank.in

20. Directors' Responsibility Statement:

The Directors confirm that in the preparation of the annual
accounts for the financial year ended March 31, 2026.

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,
2026.

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.

21. 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.

22. Acknowledgments:

The Board placed on record its deep appreciation for the
valuable guidance and significant contribution made by
outgoing Directors during their association with the Bank.

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

[Kalyan Kumar]

Place: Mumbai Managing Director and

Date:03^rd June, 2026 Chief Executive Officer

1

Net Interest Margin (NIM) reduced to 3.07% as on March 31,

2

2026 from 3.40% as on March 31,2025.

3

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