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

by Psu Connect
Date: 01-05-24

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

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.

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.