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Central Bank of India reports net loss of Rs 576.76 crore in Q1

31 Jul 2017 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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