LIVE TV DownloadNews18 App
News18 English
»
1-min read

Central Bank of India Narrows Loss to Rs 718 Crore in Third Quarter

Its total income decreased to Rs 6,329.17 crore during the quarter under review, as against Rs 6,589.32 crore in the year-ago period, the bank said in a regulatory filing.

PTI

Updated:February 2, 2019, 11:34 PM IST
facebookTwittergoogleskypewhatsapp
Central Bank of India Narrows Loss to Rs 718 Crore in Third Quarter
File photo of Central Bank of India.
Loading...
New Delhi: Central Bank of India on Friday reported a loss of Rs 718.23 crore for the third quarter ended December 2018 against that of Rs 1,664.22 crore in the October-December quarter of previous fiscal.

Its total income decreased to Rs 6,329.17 crore during the quarter under review, as against Rs 6,589.32 crore in the year-ago period, the bank said in a regulatory filing.

Asset quality of the bank further deteriorated as gross non-performing assets (NPAs) grew to 20.64 per cent of gross advances during the December quarter, as against 18.08 per cent in the year-ago period. Net NPAs also increased at 10.32 of advances from 9.45 per cent a year ago.

However, the provisioning for bad loans and contingencies on net basis was at Rs 1,818.85 crore during the quarter, down from Rs 3,427.03 crore a year ago.

The provision for bad loans also declined to Rs 2,039.19 crore against Rs 3,081.56 crore in the same period a year ago.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 270.90 6.61
Reliance 1,367.25 3.23
REC 152.70 -1.74
Infosys 727.75 -1.02
HDFC Bank 2,311.35 1.32
Company Price Change %Gain
Jet Airways 271.00 6.48
Reliance 1,367.15 3.16
Sun Pharma 469.35 1.11
SBI 303.30 3.23
ICICI Bank 394.05 2.75
Top Gainers
Company Price Change %Gain
NTPC 140.80 4.03
Reliance 1,367.25 3.23
SBI 303.50 3.23
Vedanta 173.60 3.18
Bajaj Finance 2,934.35 2.97
Company Price Change %Gain
NTPC 140.10 3.28
SBI 303.30 3.23
Vedanta 173.60 3.18
Reliance 1,367.15 3.16
ICICI Bank 394.05 2.75
Top Losers
Company Price Change %Gain
Tech Mahindra 770.75 -2.39
IOC 161.80 -1.55
UPL 903.30 -1.03
Infosys 727.75 -1.02
Wipro 255.00 -0.58
Company Price Change %Gain
Infosys 726.75 -1.23
ITC 293.20 -0.68
Larsen 1,372.10 -0.37
TCS 1,981.80 -0.26
Bajaj Auto 2,951.30 -0.23

Reel Movie Awards

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results