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Monday, November 10, 2014

Central Bank turns around, posts Q2 net profit of Rs. 103 cr

Central Bank of India has turned around to report a net profit of Rs. 103 crore in the second quarter ended September 30, 2014, against a loss of Rs. 1,509 crore in the year-ago period.

The public sector bank reported a 27 per cent rise in net interest income at Rs. 1,828 crore (Rs 1,434 crore in the year-ago period).

Other income nudged up 7 per cent to Rs. 403 crore (Rs 378 crore).

Year-on-year, bad loans nudged down Rs. 123 crore to Rs. 11,440 crore as at September-end 2014 as against Rs. 11,563 crore as at September-end 2013.​ 

Source : The Hindu


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