-: Stock News :- CENTRALBK
Central Bank of India
Q3FY23 Quarterly Result Announced for Central Bank of India

Central Bank of India announced Q3FY23 results: Q3FY23 and 9MFY23: Bank continued to show improved performance in all business parameters on a sustainable basis for the 7th consecutive quarter. Total business grew by 6.54% to Rs 5,53,768 crore. Total deposits up by 2.12% to Rs 3,44,847 crore. Gross advance increased by 14.73% to Rs 2,08,921 crore. Credit to deposit (CD) ratio improved to 60.77%, registering an improvement of 674 bps. Gross NPA reduced to 8.85%, registering an improvement of 631 bps. Net NPA reduced to 2.09%, registering an improvement of 230 bps. Provision coverage ratio improved to 91.72, registering an improvement of 595 bps. Net Profit up by 64.16% to Rs 458 crore (quarter). Operating profit grew by 44.21% to Rs 1,807 crore. Net interest income (NII) increased by 19.93% to Rs 3,285 crore. Net interest margin (NIM) improved to 4.07% (quarter). Cost to income ratio improved to 57.02% on YoY basis. Return on assets improved to 0.50% (quarter). Return on equity improved to 1.86%. CRAR improved to 13.76%, of which Tier I is 11.92%. Result PDF

View *Secret* News