Central Bank of India has kicked off the fiscal year with strong momentum, posting a 13% year-on-year increase in net profit, totaling Rs 1,324 crore for the quarter ending in June.
Financial Performance Highlights:
- Total income climbed to Rs 10,678 crore.
- Net profit reached Rs 1,324 crore.
- Improved interest earnings supported top-line growth.
While the institution celebrated higher net profits, operating metrics showed mixed results, with a recorded decline in operating profit compared to the previous year. Management continues to focus on structural efficiency to offset these pressures.
The bank made significant strides in asset quality, as gross non-performing assets (NPAs) dropped to 2.60%. Furthermore, a capital adequacy ratio of 18.28% highlights a reinforced balance sheet, positioning the bank for stable future growth.
