Central Bank of India is ready to expand in the state of Jammu and Kashmir. In both these states it has achieved lending growth of 12% against the target of 18%. The scope of increasing agriculture lending is limited in Jammu and Kashmir as the farmers are already having credit facilities from the existing branch network of various banks.
The bank has registered a rise of 35.07% in its net profit at Rs 329.92 crore as compared to Rs 244.25 crore in the corresponding month previous year. Total income of the bank has also increased by 8.54% to Rs 5680.83 crore for the quarter under review as compared to Rs 5234.05 crore in the same month last year.
