Moneycontrol Bureau
Central Bank of India’s net interest income (NII) was flat at Rs 1844.20 crore in April-June quarter compared to Rs 1,821.5 crore in corresponding quarter last fiscal. During the period, net profit grew marginally up 6.2 percent to Rs 203.6 crore against Rs 191.6 crore in year-ago period.
Provisions, in the quarter, were lower at Rs 580.7 crore from Rs 644.8 crore on annual basis and Rs 617.2 crore sequentially. Gross non-performing assets in Q1 were up 9 percent at Rs 12,931 crore versus Rs 11,873.1 crore quarter-on-quarter while net NPA stood at Rs 7447.9 crore against Rs 6,807.4 crore (Q-o-Q).
In percentage terms, gross NPA was at 6.7 percent versus 6.09 percent (Q-o-Q) and net NPA was at 4 percent versus 3.61 percent (Q-o-Q).
Capital adequacy ratio was at 10.84 percent compared to 10.9 percent (Q-o-Q).
On Friday, Central Bank of India closed at Rs 105.80, down Rs 0.15, or 0.14 percent on the BSE. Posted by Nasrin SultanaFollow @NasrinzStory
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