State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts.
Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.13 percent at the end of the June quarter, indicating an improvement in the bank's asset quality.
In the same quarter of the prior fiscal year, the Mumbai-based bank made a net profit of Rs 880 crore. According to a regulatory statement by the Central Bank of India, overall income increased from Rs 9,500 crore in the same quarter of FY25 to Rs 10,374 crore in the June quarter of 2025–2026.
Gross advance increased by 9.97 per cent to Rs 2,75,595 crore from Rs 2,50,615 crore at the end of June 2024.
Similarly, net NPAs, or bad loans, declined to 0.49 per cent, as against 0.73 per cent in the year-ago period.
The bank's operating profit grew to Rs 2,304 crore during the reviewed period from Rs 1,933 crore during the same quarter last year.
Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.13 percent at the end of the June quarter, indicating an improvement in the bank's asset quality.
Consequently, compared to Rs 1,191 crore in the same period last year, provisions and contingencies decreased by half to Rs 521 crore in the first quarter. The Provision Coverage Ratio (PCR) increased by 85 basis points, from 96.17 percent to 97.02 percent.
Capital adequacy ratio of the bank rose to 17.6 per cent, from 15.6 per cent in the same quarter of FY25.
Total business grew by 10.84 per cent to Rs 7,04,485 crore from Rs 6,35,564 crore at the end of June 2024.
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