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Central Bank of India reports 81% rise in Q1 consolidated net profit

17 Jul 2023 Evaluate

Central Bank of India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Central Bank of India has reported 78.22% rise in its net profit at Rs 418.43 crore for the quarter under review as compared to Rs 234.78 crore for the same quarter in the previous year. Total income of the bank increased by 28.73% at Rs 8,183.92 crore for Q1FY24 as compared Rs 6,357.48 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 81.38% rise in its net profit at Rs 494.98 crore for the quarter ended June 30, 2023 as compared to Rs 272.90 crore for the same quarter in the previous year. Total income of the bank increased by 28.66% at Rs 8,218.02 crore for Q1FY24 as compared Rs 6,387.24 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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