Q2FY23 Quarterly Result Announced for Central Bank of India
Central Bank of India announced Q2FY23 results: Bank exited the PCA framework of RBI after demonstrating sustained performance under all the parameters during the last 5 quarters. The performance has further improved during Q2FY23. Bank earned Net Profit of Rs 318 crore during the current quarter against Net Profit of Rs 250 crore in Q2 FY 21, with increase in net profit by 27.20%. Net Interest Income for the year has increased to Rs 2747 crores as compared to Rs 2206 crores for the corresponding quarter ended September 30, 2021, registering a YoY growth of Rs 541 crore (24.52%). Operating Profit for the quarter has increased from Rs 1445 crore as of September'21 to Rs 1748 crore in September'22 due to increasing in Total Interest Income by Rs 661 crore. Gross Advances increased by Rs 21428 crore (12.20%) on a YoY basis and stood at Rs 197022 crore in September 30, 2022, as against Rs 175594 crore on September 30, 2021. Net NPA has improved from 4.51% to 2.95 % for the same quarter last year. Net NPAs in absolute terms has also declined to Rs 5407 crore from Rs 7004 crores on YoY basis. PCR as at September 30, 2022, stands at 89.20 % as against 85.86 % for the same quarter last year registering an improvement of 334 bps on YoY basis. Result PDF20-10-2022