Central Bank of India has reported results for first quarter ended June 30, 2013.
On standalone basis, the bank has posted a fall of 93.47% in its net profit at Rs 21.93 crore for the quarter ended June 30, 2013 as compared to Rs 335.95 crore for the same quarter in the previous year. However, total income has increased by 14.55% at Rs 6443.45 crore for quarter under review as compared to Rs 5624.97 crore for the quarter ended June 30, 2012.
Gross non-performing assets (NPAs) improved to 6.03% in the April-June quarter as against 4.87% in the same quarter previous year while, net NPAs increased to 3.85%.