Central Bank Q1 PAT rises 53% to ₹206 crore
The Hindu
Central Bank of India reported net profit for the first quarter increased 53% to ₹206 crore on account of improved performance, it said.Net NPAs improved from 6.76% to 5.09%.Provision Coverage Ratio (
Central Bank of India reported net profit for the first quarter increased 53% to ₹206 crore on account of improved performance, it said. Net NPAs improved from 6.76% to 5.09%. Provision Coverage Ratio (PCR) improved from 79.12% to 84.28% Y-o-Y, up 516 bps, it said. During the quarter the bank’s Net Interest Income (NII) decreased to ₹2,135 crore compared with ₹2,146 crore a year ago. The bank said its Gross NPAs improved from 18.10% to 15.92% Y-o-Y, up 218bps. Net NPAs improved from 6.76% to 5.09% Y-o-Y, up 167 bps.
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