The Business Bytes
TBB BUREAU
NEW DELHI, JANUARY 28, 2022
Central Bank of India on Friday reported 69 per cent jump in its net profit at Rs 279 crore for the quarter ended December 31, 2021 on the back of healthy growth in core income and fall in bad loan proportion.
The bank had posted a net profit of Rs 165 crore in the year-ago period.
The total income of the bank rose to Rs 6,666.45 crore during the third quarter (Q3) of the current fiscal as against Rs 6,556.98 crore in the corresponding period in the previous fiscal, Central Bank of India said in a regulatory filing.
Net interest income improved to Rs 2,746 crore as compared with Rs 2,228 crore in the year-ago quarter, the Bank said.
Gross non-performing assets (NPAs) went down to 15.16 per cent at end-December 2021 from 16.30 per cent in Q3FY21, it said. Net NPAs reduced to 4.4 per cent from 4.73 per cent.
