Central Bank of India reports 90% rise in Q1 consolidated net profit

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

18 Jul 2024 Evaluate

Central Bank of India has reported results for first quarter ended June 30, 2024 (Q1FY25).

The bank has reported over 2- fold jump in its net profit at Rs 879.94 crore for the quarter ended June 30, 2024 as compared to Rs 418.43 crore for the same quarter in the previous year. Total income of the bank increased by 16.08% at Rs 9499.92 crore for Q1FY25 as compared to Rs 8183.92 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 90.40% rise in net profit at Rs 942.42 crore for Q1FY25 as compared to Rs 494.98 crore for the same quarter in the previous year. Total income of the bank increased by 16.01% at Rs 9533.37 crore for Q1FY25 as compared to Rs 8218.02 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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