Central Bank of India Q4 Net Rises 7 Per cent to Rs 174 Crore

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    New Delhi, May 12 (PTI) State-owned Central Bank of India has registered a rise of 7.3 per cent in its net profit to Rs 174.29 crore for the quarter ended March 31.

    The bank had posted a net profit of Rs 162.44 crore in the corresponding period last year.

    Central Bank of India Q4 Net Rises 7 Per cent to Rs 174 Crore
    Central Bank of India: Quotes, News
    BSE 53.35BSE Quote13.3 (-24.93%)
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    Total income in the March quarter increased to Rs 7,321.50 crore from Rs 6,961.67 crore in the quarter ended March 31, 2014, Central Bank of India said in a filing to BSE today.

    On asset quality, bank's gross non-performing assets (NPAs) or bad loans were trimmed to 6.09 per cent of gross advances in the fourth quarter, down from 6.27 per cent in previous fiscal.

    Net NPAs too came down to 3.61 per cent of net advances during the fourth quarter from 3.75 per cent year ago.

    For the full year, the bank earned a net profit of Rs 606.45 crore compared with a loss of Rs 1,262.84 crore in the previous fiscal.

    Total annual income in the period under review increased to Rs 28,303.01 crore from Rs 26,350.13 crore, it said.

    Central Bank of India shares traded at Rs 110.60 apiece on the BSE, down 0.98 per cent. 

    PTI

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