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Central Bank of India reports net loss of Rs 836.62 crore in Q3

10 Feb 2016 Evaluate

Central Bank of India has reported results for third quarter ended December 31, 2015.

The bank has reported a net loss of Rs 836.62 crore for the quarter ended December 31, 2015 as compared to net profit of Rs 137.65 crore for the same quarter in the previous year. The bank’s total income has decreased by 1.72% to Rs 6911.62 crore for the quarter under review from Rs 7032.70 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) increased to 8.95% in the October- December quarter as against 6.20% in the same quarter previous year, while net NPAs stood at 5.30%.

Peers
Company Name CMP
State Bank Of India 941.10
PNB 116.40
Bank Of Baroda 235.50
Canara Bank 118.00
Union Bank Of India 172.55
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