Public sector lender Central Bank of India today posted 21 per cent rise in net profit to Rs 379.3 crore for the second quarter ending September 30 and declared 10 per cent interim dividend.
It had a net profit of Rs 313.9 crore in the same quarter of the last fiscal, Central Bank of India said in a filing on the Bombay Stock Exchange.
The total income of the bank increased 14.9 per cent in Q2 FY'11 to Rs 3,889.8 crore, as against Rs 3,384.1 crore in the year-ago period.
The bank, which is planning to come out with rights issue, also announced an interim dividend of 10 per cent. The shareholder would get Rs 1 as dividend for every share of face value Rs 10.
The bank earned an interest of Rs 3,644.3 crore during the quarter, compared to Rs 2,975.5 crore during the same period last fiscal.