Central Bank of India reports 82% rise in Q2 consolidated net profit

Central Bank Of India | Bank - Public | BFSI | BSE: 532885 | NSE: CENTRALBK

21 Oct 2023 Evaluate

Central Bank of India has reported results for second quarter ended September 30, 2023 (Q2FY24).

The bank has reported 90.29% rise in its net profit at Rs 605.43 crore for the quarter under review as compared to Rs 318.17 crore for the same quarter in the previous year. Total income of the bank increased by 19.07% at Rs 8,411.92 crore for Q2FY24 as compared Rs 7,064.96 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 82.17% rise in its net profit at Rs 621.95 crore for Q2FY24 as compared to Rs 341.41 crore for the same quarter in the previous year. Total income of the bank increased by 18.97% at Rs 8,438.51 crore for Q2FY24 as compared Rs 7,093.08 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
State Bank Of India	984.50
PNB	116.80
Bank Of Baroda	232.40
Canara Bank	123.90
Union Bank Of India	177.45
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