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Central Bank of India recorded a four per cent decline in net profit at Rs 162.44 crore for the quarter ended March. For the year-ago period, the bank had posted a profit of Rs 169.15 crore.
Total income for the quarter ended March this year increased to Rs 6,961.67 crore from Rs 6,403.57 crore a year earlier. For 2013-14, the bank recorded a loss of Rs 1,262.84 crore, compared with a profit of Rs 1,014.96 crore for 2012-13, owing to higher provisioning. Total income for 2013-14 stood at Rs 26,350.13 crore, against Rs 23,527.98 crore for 2012-l3. Provisions, excluding tax and contingencies, surged to Rs 4,232.57 crore in from Rs 1,852.81 crore in FY13.
During the March quarter, the bank's gross non-performing assets (NPAs), as percentage of total advances, rose to 6.27 per cent from 4.8 per cent in the corresponding period last year. Net NPAs increased from 2.9 per cent 3.75 per cent.
Dena Bank Q4 profit rises 49 pc to Rs 187.28 crore
Dena Bank on Saturday reported a 49 per cent jump in net profit for the quarter ended March at Rs 187.28 crore, against Rs 125.67 crore in the corresponding period last year. Total income increased from Rs 2,539.74 crore to Rs 2,866.78 crore.
For 2013-14, the bank reported a 32 decline in profit at Rs 551.66 crore, against Rs 810.38 crore in 2012-13. Total income for 2013-14 rose to Rs 10,895.20 crore from Rs 9,554.85 crore in 2012-l3. In the March quarter, the bank's gross non-performing assets (NPAs), as percentage of total advances, rose to 3.33 per cent from 2.19 per cent in the year-ago period. Net NPAs increased from 1.39 per cent to 2.35 per cent.
