For Quick Alerts
For Daily Alerts

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

    By Super

    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 33.65BSE Quote0.2 (0.59%)
    NSE 33.65NSE Quote0.1 (0.30%)

    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. 


    Read more about: central bank of india
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more