Central Bank Q1 net profit rises 6%

State-owned Central Bank of India today reported 6.2 per cent growth in net profit at Rs 203.6 crore for the first quarter ended June 30 despite increase in bad loans.

The bank had earned a net profit of Rs 191.6 crore in the April-June quarter of last fiscal, Central Bank of India said in a BSE filing.

Total income of the bank improved to Rs 7,098.99 crore as against Rs 6,927.71 crore in the same period last year, it added.

As on June 30, the bank's gross non-performing assets (NPAs) increased to 6.7 per cent of advances as against 6.15 per cent at the end of first quarter last fiscal.

Net non-performing assets also rose to 4 per cent as against 3.62 per cent as on June 30, 2014.