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Central Bank of India reports 93.47% fall in Q1 net profit

24 Jul 2013 Evaluate

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%.

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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