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Central Bank of India’s net loss widens to Rs 2,477 crore in Q4

17 May 2019 Evaluate

Central Bank of India has reported results for the fourth quarter and year ended March 31, 2019.

The Bank has reported a net loss of Rs 2,477.41 crore for the quarter ended March 31, 2019, against net loss of Rs 2,113.51 crore for the same quarter in the previous year. However, total income of the Bank increased by 5.06% at Rs 6,620.51 crore for the quarter under review as compared Rs 6,301.50 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the Bank has posted a net loss of Rs 5,641.48 crore against net loss of Rs 5,104.91 crore for the same period in the previous year. Total income of Bank decreased by 6.03% at Rs 25,051.51 crore for year under review as compared to Rs 26,657.86 crore for the period ended March 31, 2018.

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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