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Central Bank of India reports net loss of Rs 718.23 crore in Q3

04 Feb 2019 Evaluate

Central Bank of India has reported results for third quarter ended December 31, 2018.

The Bank has reported a net loss of Rs 718.23 crore for the quarter under review as compared to the net loss of Rs 1,664.22 crore for the same quarter in the previous year. Total income of the Bank decreased by 3.95% at Rs 6,329.17 crore for Q3FY19 as compared Rs 6,589.32 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 20.64%, as compared to 18.08% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 10.32% in Q3FY19.

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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