The Hindu : Business : Central Bank net dips

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Friday, Jan 29, 2010
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Central Bank net dips

Special Correspondent

To get Rs. 700 cr capital from Govt

PHOTO: PAUL NORONHA

BEEFING UP: S. Sridhar (left), CMD, Central Bank of India with Arun Kaul, Executive Director at a press conference in Mumbai on Thursday.

MUMBAI: The net profit of Central Bank of India has declined to Rs. 306.44 crore for the third quarter ended December 31, from Rs. 353.26 crore in the corresponding period last fiscal. Total income has risen to Rs. 3,495.42 crore from Rs. 3,033.41 crore in the year-ago period. Income from treasury operations was lower at Rs. 231.72 crore from Rs. 272.45 crore. The bank earned an interest income of Rs. 3,131.30 crore against Rs. 2,722.22 crore while other income stood at Rs. 363.12 crore against Rs. 311.19 crore. The net NPA ratio stood at 0.74 per cent against 1.18 per cent in the year-ago period. The bank said it would receive Rs. 700 crore from the Union Government towards Tier I capital in March.

PTI reports

Meanwhile, Central Bank of India has successfully raised Rs 500 crore through bond issue this month. The capital adequacy ratio stands at 11.83 per cent (Basel I) as on December 2009 against to 10.02 per cent as on December 2008.

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