Central Bank of India has reported results for first quarter ended June 30, 2017.
The Bank has reported a net loss of Rs 576.76 crore for the quarter under review as compared to a net loss of Rs 599.81 crore for the same quarter in the previous year. However, total income of the Bank increased by 3.12% at Rs 6870.78 crore for Q1FY18 as compared Rs 6662.68 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 18.23%, as compared to 13.52% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 11.04% in Q1FY18.