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Central Bank of India reports 6% rise in Q1 net profit

10 Aug 2015 Evaluate

Central Bank of India has reported results for first quarter ended June 30, 2015.

The bank has reported 6.26% rise in its net profit at Rs 203.6 crore for the quarter ended June 30, 2015 as compared to Rs 191.6 crore for the same quarter in the previous year. Total income of the bank has increased by 2.47% at Rs 7098.99 crore for quarter under review as compared to Rs 6927.71 crore for the quarter ended June 30, 2014.

The bank’s gross NPA for the April-June quarter of the current fiscal has increased to 6.70%, as compared to 6.15% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 4% in Q1FY16.

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