Central Bank of India slipped into the red, reporting a loss of ₹1,349 crore in the quarter-ended March 31, 2021 against a net profit of ₹165 crore in the preceding quarter (Q3FY21).
The bank’s net loss in the reporting quarter, however, was lower that the year ago period’s net loss of ₹1,529 crore.
NII, NPAs fall
Net interest income (difference between interest earned and interest expended) was down 21 per cent year-on-year (yoy) at ₹1,516 crore (₹1,926 crore in the year ago quarter).
Other income, including income from non-fund based activities, was up about 13 per cent yoy at ₹902 crore (₹795 crore).
Gross NPAs declined to 16.55 per cent of gross advances as at March-end 2021 against 18.92 per cent as at March-end 2020.
NPA provisions jumped about 100 per cent yoy to ₹3,259 crore.
Net NPAs position improved to 5.77 per cent of net advances as at March-end 2021 against 7.63 per cent as at March-end 2020.
Total deposits increased by 5.17 per cent yoy to stand at ₹3,29,973 crore as at March-end 2021. Total advances increased 2.71 per cent yoy to ₹1,76,913 crore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.