Central Bank Of India

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Central Bank of India reports net loss of Rs 605.70 crore in Q3

Date: 06-02-2017

Central Bank of India has reported results for third quarter ended December 31, 2016.

The Bank has posted a net loss of Rs 605.70 crore for the quarter ended December 31, 2016, as compared to a net loss of Rs 836.62 crore for the quarter ended December 31, 2015. Total income of the Bank decreased by 1.79% at Rs 6787.87 crore for Q3FY17, as compared Rs 6911.62 crore for the corresponding quarter previous year. 

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 14.14%, as compared to 8.95% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.54% in Q3FY17.