Centurion Bank of Punjab today reported a net profit of Rs 20.90 crore for the quarter ended September 30, 2005. |
The financial results of the private sector bank is not comparable with the year-ago period as the new entity has been created with the merger of Bank of Punjab with Mumbai-based Centurion Bank. This is the first integrated balance sheet of the merged entity. |
The bank's net profit for the half-year ended September 2005 stood at Rs 38.5 crore. For the July-September quarter the current year total income was reported at Rs 243.89 crore. Total expenditure stood at Rs 216.82 crore. Operating expenses of the bank amounted to Rs 118.71 crore. |
The merged entity has an assets size of around Rs 10,000 crore with retail assets aggregating to Rs 4,200 crore. Bulk of the bank's loans and advances come from the retail portfolio, said managing director Shailendra Bhandari. |
The bank's capital adequacy ratio for the reporting quarter stood at 10.92 per cent with tier-1 capital adequacy ratio at 8.38 per cent. |