Central Bank of India Q2 Net Profit up by 27.20%. Central Bank earned a Net Profit of ₹318 crore during the current quarter against Net Profit of ₹250 crore in Q2 FY 21, with increase in net profit by 27.20%.
Compared to previous quarter ended September 30, 2021, Net Interest Income for the year has increased to ₹2747 crores, registering a Y-o-Y growth of ₹ 541 crore (24.52%).
Net NPA has improved from 4.51% to 2.95 % for the same quarter last year. Net NPAs in absolute terms has also declined to ₹5407 crore from ₹7004 crore on YoY basis.
Total Business of the Bank, stood at ₹540103 crore as on September 30, 2022 as against ₹512094 crore registering growth of ₹28009 crore (5.47%) on YoY basis.
CASA Deposits have increased by ₹7093 crore to ₹174296 crore reflecting YoY growth of 4.24%. CASA share in Total Deposits has improved from 49.79% as at the end of September 30, 2021 to 50.99% as at the end of September 30, 2022.
Total Deposits have increased by ₹6581 crore and stood at ₹343081 crore as on September 30, 2022 as compared to ₹336500 crore as at the end of September 30, 2021 reflecting an increase of 1.96% on YoY basis.
Net Interest Margin (NIM) for the quarter improved to 3.44 % as at the end of September 2022 from 2.97 % as at the end of September 2021.
Bank is also having pan India presence with network of 4517 branches with 64.91% (2932 branches) in rural & semi-urban areas, 2111 ATMs and 10599 BC Points with total 17187 Touch Points as on Sep ’22.
