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Central Bank of India’s net profit jumped more than two-fold to Rs 137.7 crore in the third quarter ended December 2014-15.
The state-run lender had reported a net profit of Rs 61.5 crore in the corresponding period a year ago.
“Total income increased to Rs 7,033 crore from Rs 6,708 crore in December 2013, recording year-on-year growth of 4.84 per cent,” the bank said in release.
Bank’s interest income grew by 2.68 per cent to Rs 6,524 crore in the third quarter of the current fiscal.
The bank trimmed its bad assets both in terms of net and gross calculations.
The ratio of gross non-performing assets (NPAs) to gross advances stood at 6.20 per cent as on December 2014 as against 6.48 per cent in December 2013.
While, net NPA to net advances stood at 3.58 per cent as on December 2014 as against 3.69 per cent in December 2013, it said.
The total business of the bank increased to Rs 4.42 lakh crore from Rs 4.12 lak crore in December 2013, registering a growth of 7.12 per cent.
“Total deposits increased to Rs 2.51 lakh crore from Rs 2.33 lakh crore in December 2013, recording y-o-y growth of 7.83 per cent,” it added.
Central Bank scrip closed at 106.35 apiece on BSE, up 0.05 per cent from yesterday close.
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