Q4FY24 Quarterly & FY24 Annual Result Announced for Central Bank of India
Central Bank of India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net Profit up by 41.33% to Rs 807 crore in Q4FY24 against Rs 571 crore in Q4FY23. Total Income (Interest Income plus Non Interest Income) for Q4FY24 improved by 13.20%, from Rs 8,568 crore in Q4FY23 to Rs 9,699 crore for Q4FY24. Return on Assets (ROA) improved to 0.76% for Q4FY24 as against 0.61% for Q4FY23. Return on Equity (ROE) also improved to 2.92% for Q4FY24 as against 2.27% for Q4FY23. Net Interest Income (NII) marginally improved to Rs 3,541 crore, as against Rs 3,513 crore in the corresponding period of previous year, registering a growth of Rs 28 crore (0.80%). FY24 Financial Highlights: Net Profit up by 61.13% to Rs 2,549 crore for 12 months period ended on 31st March 2024, over corresponding period of last year of Rs 1,582 crore. Net Interest Income (NII) grew by 10.34% on YoY basis to Rs 12,896 crore for 12 months period ended on 31st March 24, over corresponding period of last year of Rs 11,687 crore. Total Income (Interest Income plus Non Interest Income) improved to Rs 35,434 crore (19.60%), for 12 months period /FY ended on 31st March 24, over corresponding period of last year from Rs 29,626 crore. Return on Assets (ROA) improved to 0.63% for 12 months period/FY ended on 31st March 24, over corresponding period of last year of 0.44%. Return on Equity (ROE) improved to 9.53% for 12 months period ended on 31st March 24, over corresponding period of last year of 6.42%. Result PDF30-04-2024