Central Bank of India, one of the leading Public Sector Banks in the country, has renewed the CBS (core banking solution) agreement with Tata Consultancy Services (TCS). Earlier in June 2005, the bank had given the contract to TCS to implement CBS in over 1,000 branches of CBI. The renewed agreement is the extension of the same contract.
For the year ended March 31, 2013, the bank’s net profit rose 90.41% at Rs 1014.96 crore as compared to Rs 533.04 crore for the year ended March 31, 2012. Bank’s total Income has increased by 14.52% to Rs 23,527.98 crore for the year under review from Rs 20,544.80 crore for the previous fiscal.