Q1 results for Central Bank of India show 26% rise
By Vaibhav Aggarwal
Jul 30, 2010
Print    Email    RSS   

Public sector lender, Central Bank of India has shown a 26.22% rise in its net profits for the first quarter of FY 2010-11. The bottom line (net profit) of the bank for this quarter amounts to Rs 337 crore as compared to Rs 267 crore in quarter prior to that.

While making an announcement of the results of the bank, CMD S Sridhar said that the bank has raised capital worth Rs 250 crore via equity shares to the government and Rs 1000 crore as Tier II capital.

The capital adequacy ratio of the bank stands at 12.80% for Q1 as against 13.55% a year back.

Deposits of the bank amount to Rs 1,54,559 crore in the June quarter as compared to Rs 136,669 crore in the previous quarter, thus resulting in a growth of 13.09% on a YoY basis.

The net NPAs of the bank stood at Rs 815 crore from Rs 603 crore. The bank has achieved an NPA provision coverage of 68.75%.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Managing loans through difficult times
Used Car Loan Melas in India
A chronicle of excesses by loan recovery...
Insider secrets of Car Loans in India
Selecting the appropriate car loan

Hello I am looking to renew my car insurance and I...
my loan no

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive