Mumbai, May, 8: Central Bank of India, the first Indian commercial bank which was wholly owned and managed by Indians, has posted Rs 105.23 crore loss in for the quarter ended March 31, 2012 as compared to net profit of Rs. 132.70 crore for the quarter ended March 31, 2011
Total Income of the bank has increased from Rs. 4755.21 crores for the quarter ended March 31, 2011 to Rs. 5371.75 crores for the quarter ended March 31, 2012. The PSU lender has submitted its annual report to BSE today.
The Bank has posted a net profit of Rs. 533.04 crores for the year ended March 31, 2012 as compared to Rs. 1252.41 crores for the year ended March 31, 2011. Total Income has increased from Rs. 16485.61 crores for the year ended March 31, 2011 to Rs. 20544.80 crores for the year ended March 31, 2012.
Capital adequacy ratio of the Bank for FY12 as per Basel II as on March 31, 2012 is 12.40 %. Tier 1 ratio is 11.96 %.
The bank’s profitability has been affected by the Non performing Asstets largely which has increased to Rs 4558.77 crore in March ended in2012 from Rs 2688.80 crore in same period last year.
The bank has announced the dividend of Rs. 2/- Per Equity Share of Rs. 10/-each share. The board of bank has decided the 20 % dividend at the face value Rs 10 each but subject to approval of Government of India and Shareholders.
Earlier, the net profit of Central bank of India has decreased by 35.62% in 2nd quarter of 2011-12, as compared to 2010-11.
In this quarter bank has earned Rs 244 crore, which is Rs 134 crore less than same period last year. In 2010-11, bank has earned Rs 379 crore as net profit.
However, gross income of the PSU has increased by Rs 1344 crore to Rs 5234 crore in 2nd quarter of 2011-12 from Rs 3890 crore in same period last year.
Central bank of India’s distribution network has presence in 27 out of 29 states, while it has also provided service in 3 out of 7 union territory of India.
Central bank’s network of 3656 branches and 178 extension counters at various centers throughout the length and breadth of the country has providing better reach and placed it among the top PSU of the country.
Mumbai, May, 8: Central Bank of India, the first Indian commercial bank which was wholly owned and managed by Indians, has posted Rs 105.23 crore loss in for the quarter ended March 31, 2012 as compared to net profit of Rs. 132.70 crore for the quarter ended March 31, 2011
Total Income of the bank has increased from Rs. 4755.21 crores for the quarter ended March 31, 2011 to Rs. 5371.75 crores for the quarter ended March 31, 2012. The PSU lender has submitted its annual report to BSE today.
The Bank has posted a net profit of Rs. 533.04 crores for the year ended March 31, 2012 as compared to Rs. 1252.41 crores for the year ended March 31, 2011. Total Income has increased from Rs. 16485.61 crores for the year ended March 31, 2011 to Rs. 20544.80 crores for the year ended March 31, 2012.
Capital adequacy ratio of the Bank for FY12 as per Basel II as on March 31, 2012 is 12.40 %. Tier 1 ratio is 11.96 %.
The bank’s profitability has been affected by the Non performing Asstets largely which has increased to Rs 4558.77 crore in March ended in2012 from Rs 2688.80 crore in same period last year.
The bank has announced the dividend of Rs. 2/- Per Equity Share of Rs. 10/-each share. The board of bank has decided the 20 % dividend at the face value Rs 10 each but subject to approval of Government of India and Shareholders.
Earlier, the net profit of Central bank of India has decreased by 35.62% in 2nd quarter of 2011-12, as compared to 2010-11.In this quarter bank has earned Rs 244 crore, which is Rs 134 crore less than same period last year. In 2010-11, bank has earned Rs 379 crore as net profit.
However, gross income of the PSU has increased by Rs 1344 crore to Rs 5234 crore in 2nd quarter of 2011-12 from Rs 3890 crore in same period last year.
Central bank of India’s distribution network has presence in 27 out of 29 states, while it has also provided service in 3 out of 7 union territory of India.
Central bank’s network of 3656 branches and 178 extension counters at various centers throughout the length and breadth of the country has providing better reach and placed it among the top PSU of the country.
