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Central Bank of India Q3 net profit jumps 64% on year

Net interest income,or the income a bank earns by giving loans, rose 20% year on year to Rs 3284.46 crore. Other income jumped nearly 94% year on year to Rs 919.16 crore from Rs 474.26 crore.

January 18, 2023 / 02:27 PM IST
Central Bank of India reported a net profit of Rs 458.22 crore from Rs 278.92 crore a year ago.

Central Bank of India reported a net profit of Rs 458.22 crore from Rs 278.92 crore a year ago.

Central Bank of India reported a 64 percent jump in net profit for the December quarter on January 18 after strong growth in net interest income and other income..

The state lender reported a net profit of Rs 458.22 crore as against Rs 278.92 crore a year ago.

At 2:26 pm, the stock was trading at Rs 32.60 on BSE, up 0.3 percent from its previous close while benchmark index Sensex rose 0.61% to 61,025 points.

Net interest income rose 20 percent year on year to Rs 3284.46 crore. Other income jumped nearly 94 percent year on year to Rs 919.16 crore from Rs 474.26 crore.