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Central Bank of India reports net loss of Rs 605.70 crore in Q3

06 Feb 2017 Evaluate

Central Bank of India has reported results for third quarter ended December 31, 2016.

The Bank has posted a net loss of Rs 605.70 crore for the quarter ended December 31, 2016, as compared to a net loss of Rs 836.62 crore for the quarter ended December 31, 2015. Total income of the Bank decreased by 1.79% at Rs 6787.87 crore for Q3FY17, as compared Rs 6911.62 crore for the corresponding quarter previous year. 

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 14.14%, as compared to 8.95% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.54% in Q3FY17.

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