Central Bank Q2 net profit rises to ₹250 crore
The Hindu
Central Bank of India has registered 55.28% growth in net profit to ₹250 croreOperating profit improved 1.08 % y-o-y to ₹1401 crore. CASA share in total Core Deposits has improved from 47.72% to 49. 7
Central Bank of India has registered 55.28% growth in net profit to ₹250 croreOperating profit improved 1.08 % y-o-y to ₹1401 crore. CASA share in total Core Deposits has improved from 47.72% to 49. 79 % on Y-o- Y basis registering an improvement of 207 bps. Net NPA reduced from 5.60% to 4. 51% on Y-o- Y basis registering an improvement of 109 bps, the bank said in a filing.
Provision coverage ratio ( PCR) improved from 82. 24% to 85. 86% on Y- o- Y basis registering an improvement of 362 bps.
Net Interest Income (NII) has improved from ₹ 2354 crore to ₹ 2495 crore up 5 .99 % on Y- o- Y basis
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