Central Bank Of India

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Central Bank of India’s net loss widens to Rs 1,522.24 crore in Q1

Date: 30-07-2018

Central Bank of India has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 1,522.24 crore for the quarter under review as against a net loss of Rs 576.76 crore for the same quarter in the previous year. Total income of the Bank decreased by 14.06% at Rs 5,904.82 crore for Q1FY19 as compared Rs 6,870.78 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 22.17%, as compared to 18.23% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 10.58% in Q1FY19.