Central Bank Of India

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Central Bank of India’s FY12 consolidated net declines by 47%

Date: 25-05-2012

Central Bank of India has reported consolidated results for the year ended March 31, 2012.

For the full year ended March 2012, the group’s net profit dipped by 47.18% at Rs 613.37 crore as compared to Rs 1161.37 crore for the previous year. Its total income has registered growth of 24.61% at Rs 20578.30 crore for the year under review from Rs 16513.65 crore for the previous fiscal.

The bank, on standalone basis, 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. The 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.