Central Bank posts Q3 PBT at Rs 447.11 crore; stock closes 3.73% lower

The company had posted loss before tax of Rs 1,096.6 crore in third quarter ended December 2018 (Q3FY19)

State-run lender Central Bank of India on Tuesday reported a profit before tax (PBT) at Rs 447.11 crore in the fiscal third quarter, compared to a loss before tax of Rs 1,096.6 crore in the year-ago period.

The lender’s net profit stood at Rs 155.3 crore in the three months ended December 31, 2019, as against a loss of Rs 718.2 crore in the same period of the last fiscal. 

The net interest income rose to Rs 2,033 crore from Rs 1,816 crore in the year-ago period, while the net interest margin improved to 2.92 per cent from 2.74 per