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Mumbai Jan. 24 Centurion Bank of Punjab in the third quarter has registered a growth of 44 per cent in net profit at Rs 33.5 crore, against Rs 23.3 crore in the corresponding period in the previous year.

Net interest income was up 40 per cent at Rs 146.5 crore against Rs 104.5 crore in the previous year. Total income was up 51.7 per cent at Rs 248.2 crore (Rs163.6 crore). Other income increased 72 per cent to Rs 101.8 crore (Rs 59.1 crore).

The net advances of the bank grew by 66 per cent to Rs 9,427.6 crore in the third quarter. Net retail advances rose by 60 per cent to Rs 6,499.7 crore and now constitute 69 per cent of the bank's total advances. Deposits grew 46 per cent to Rs 12,530.7 crore.

The net interest margin was slightly lower at 4.7 per cent against 4.8 per cent in the previous year, while the cost of deposits inched up to 5.6 per cent from 4.7 per cent.

More Stories on : Financial Performance | Private Banks

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