Public sector lender Central Bank of India recorded over three fold rise in the net profit to Rs 266.87 crore in the first quarter of the financial year as against Rs 59.33 crore during the corresponding period last year mainly due to increase in the other income.
Net interest income increased by 20.5 per cent to Rs 577.2 crore in April-June 2009 as against Rs 478.8 crore in first quarter previous year.
Other income rose to Rs 393.58 crore as compared to Rs 161.24 crore in April-June 2009 in the corresponding quarter last year.
The percentage of net non-performing asset increased to 0.74 per cent as against 0.19 per cent in the corresponding quarter last year. Provisions for non-performing assets stood at Rs 64.52 crore.
Capital adequacy ratio according to Basel 2 norm stood at 13.35 per cent. In order to improve the CAR government of India had infused Rs 3,800 crore in three public sector banks – Uco Bank, Vijaya Bank and Central Bank of India.
