Central Bank of India posts net loss of Rs 898.04 crore for Q4

Central Bank of India has reported results for fourth quarter and year ended March 31, 2016

The bank has reported a net loss of Rs 898.04 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 174.29 crore for the corresponding quarter of the previous year. Its total income declined by 8.33% to Rs 6711.88 crore for the quarter under review from Rs 7321.50 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the bank has reported a net loss of Rs 1418.19 crore as compared to a net profit of Rs 606.45 crore for the previous year ended March 31, 2015. Its total income has decreased by 1.68% to Rs 27826.68 crore for the year from Rs 28303.01 crore for the year ended March 31, 2015.