Central Bank of India on 6th February announced the third quarter ended December 31

Central Bank of India on 6th February announced the third quarter ended December 31 following are the statistic.

Bank results for the third quarter ended December 31-2013

Major highlights – q3FY 2013-14

Total business               412164    11.19%

Total deposits               233084      9.84%

Core deposits               179350      13.78%

Total advances             179080       12.99%

Operating profit             869            11.55%

Net interest margin        2.99%

Provision coverage ratio 52.28%

Performance highlights

Gross income has registered a growth of 15.28%from 5819crore in Q3 FY 2012-13 to Rs 6708 crore in Q3 FY 2013- 14 on y –o –y basis.

Total interest income registered a growth of 16.33% from rs 5462 crore Q3 FY 2012-13 to Rs 6354 crore in Q3 FY 2013-14 on y-o-y basis.

Net interest income of the bank registered a growth of 28.23%from Rs 1410crore in Q3 FY 2012-13 to RS 1808 crore in Q3 FY 2013-14 on y-o-y basis

Operating profit of the the bank stood at Rs 869 crore as on December 31,2013 as compared TO Rs 779 crore as on December 31, 2012 registering y-o-y growth of 11.55%.

Bank recorded Net profit of Rs 62 crore as on December 31, 2013 as compared to net less of Rs . 1509 crore in September 2013-14Qtr .

Provision covewrage ratio has improved from 41.20%to 52.28%y-o-y.

INPUT: ORIENT PUBLICATION [EDITORIAL]