Central Bank of India Q4 results, net profit up by 41.3 percent

The Bank board has released its financial audit report on exchange filing. Total Business grew by 10.34 % to Rs 636756 crore. Total Deposits up by 7.16 % to Rs 385011 crore. CASA Deposits have increased by Rs 11657 crore to Rs 191969 crore reflecting Y-o-Y growth of 6.46% and having a share of 50.02% of total Deposits.

Gross Advance increased by 15.60 % to Rs 251745 crore. Net Profit up by 41.33 % to Rs 807 crore for Q4 while 61.13% to Rs 2549 crore for 12 months FY24.  Net Interest Income (NII) increased by 10.34 % to Rs 12896 crore for 12-month period as against FY ended on 31st March 24, over the corresponding period of last year.

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Gross NPA improved to 4.50 %, registering an improvement of 394 bps. Net NPA improved to 1.23 %, registering an improvement of 54 bps.

Total BASEL III Capital Adequacy Ratio improved to 15.08 % (with Common Equity Tier 1 ratio of 12.46 %), as of 31st March 2024, as compared to 14.12 % on March 31st, 2023, registering an improvement of 96 bps.

 

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Total Business of the Bank, stood at Rs 636756 crore as of March 31st, 2024 as against Rs 577075 crore registering a growth of Rs 59681 crore (10.34%) on a Y-o-Y basis.

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