Central Bank of India reported a poor set of Q1 earnings as net interest income (NII) came in weak and asset quality deterioration continued for the company this quarter.

See 9-10% credit growth in FY16: Central Bank

Rajeev Rishi, CMD of Central Bank said that the bank has aggressively shed bulk deposits and 55 percent of growth in deposits came from CASA.

Suzlon exposure to halve post loan repayment: Central Bank

Suzlon today said it will repay domestic term loans worth Rs 5000 crore with the proceeds from the sale. It further said it will use Senvion‘s offshore technology by paying a license fee.

Increased NPAs, fresh slippages led to Q2 loss:Central Bank

Loss has primarily occurred on account of almost twice the provisioning that the bank did in the first quarter. This provisioning is on account of increased NPAs, almost around Rs 1,700 crore of provisions on account of NPAs.

To raise Rs 2000cr tier II capital; no QIP: Central Bank

Capital adequacy ratio as of now is around 11.40%. But with Rs 1,800 crore coming from the government and around Rs 2,000 crore which the bank will raise as tier II capital, the capital adequacy ratio at the end of this financial year should be around 13% plus.

Winsome Diamonds unlikely to get restructured: Central Bank

In an interview to CNBC-TV18, RK Goyal, ED of Central Bank of India spoke about Winsome Diamonds account. Central Bank of India has classified both the accounts of Winsome Diamonds as non-performing assets (NPAs).

Slippages likely to reduce to Rs 1000cr in Q2: Central Bank

MV Tanksale, CMD, Central Bank of India says that although the slippages in Q1 were huge, to the extent of Rs 2400 crore they expect them to come down below Rs 1000 crore in Q2.

Will new discom package mean higher provisioning for banks?

Shares of public sector banks and power generation companies have been running up in the past week on hopes that the cabinet is close to agreeing on a package to clean up the losses of State Electricity Boards (SEBs) or power discoms.

NPA spike led to loss, sees growth in FY13: Central Bank

Public sector lender Central Bank of India posted dismal results in Q4, with a net loss of Rs 105 crore in the quarter ended March 2012. The company attributed the losses to a spike in non-performing assets (NPAs).

Expect RBI to maintain liquidity: Central Bank of India

The monetary policy is slated for January 24 and Tanksale expects the Reserve Bank of India (RBI) to maintain liquidity in the system for economic growth of the country.

Borrowers to bear brunt of rate hike: Central Bank

In an exclusive interview with CNBC-TV18’s Vidhi Godiawala, chairman of Central Bank of India, S Sridhar said that the margin performance improved on account of the drop of dependency on high costs deposits, and also owing to, “the right to re-price the loans.”

Hope to improve deposit growth ahead: Central Bank of India

In an interview with CNBC-TV18, S Shridhar, CMD, Central Bank, spoke about the results and gives his outlook going forward.