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.