Central Bank Of India

State-run lender Central Bank of India has reported results for the quarter and year ended March 31, 2012.

The Bank posted a net loss of Rs 105.23 crore for three months ended March 31, 2012 as compared to net profit of Rs 132.70 crore for the same period a year earlier. Bank’s total Income has increased by 12.96% to Rs 5371.75 crore for the quarter ended March 31, 2012 from Rs 4755.21 crore for the quarter ended March 31, 2011.

For Full year ended, the bank’s net profit declined by 57.44% at Rs 533.04 crore as compared to Rs 1252.41 crore for the year ended March 31, 2011. Total Income has increased by 24.62% from Rs 16485.61 crore for a year earlier to Rs 20544.80 crore for the year under review.

Central Bank of India’s board of directors at its meeting held on May 08, 2012, have recommended a final dividend at the rate of 20% on the Equity Share Capital (i.e. Rs 2 Per Equity Share of Rs 10 each) subject to approval of Government of India and Shareholders.