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Central Bank of India reports net loss of Rs 1508.74 crore in Q2

11 Nov 2013 Evaluate

Central Bank of India has reported results for the second quarter ended September 30, 2013.

The bank has reported a net loss of Rs 1508.74 crore for the quarter as compared to a net profit of Rs 329.92 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.78% at Rs 6236.51 crore for quarter under review as compared to Rs 5680.63 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 6.47% in the July-September quarter as against 5.54% in the same quarter previous year, however, net NPAs has decreased to 3.77%.

Peers
Company Name CMP
State Bank Of India 949.00
PNB 116.75
Bank Of Baroda 238.05
Canara Bank 119.65
Union Bank Of India 173.35
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