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Central Bank of India reports 17% rise in Q1 net profit

29 Jul 2011 Evaluate

Central Bank of India has reported results for its first quarter ended June 30, 2011.

The bank’s net profit for the quarter has declined 16.64% at Rs 280.78 crore as compared to Rs 336.81 crore for the same quarter last year. Its total income increased by 32.32% to Rs 4840.14 crore for the quarter under review from Rs 3657.97 crore for the corresponding quarter of the previous year.

Central Bank of India offers wide range of product and services such as saving account, deposits, mutual funds, debit card, credit card, NRI account, Money transfer facility, Remittance facility, various loan facilities, senior citizen account, etc.

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