Central Bank of India net falls

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Mumbai, Oct 31 (UNI) Central Bank of India has recorded a fall in net profit at Rs 107.77 crore for the six-month period ended September 30, from Rs 331.06 crore last year.

The Bank suffered a hit of Rs 319.04 crore after making provision for depreciation on investments and on transfer of securities from ''allowed-for-sale'' category to ''held-to-maturity'' category.

Total income fell to Rs 2863.46 crore (Rs 3,190.18 crore) while other income decreased to Rs 226.28 crore (Rs 625.72 crore).

Net interest income increased to Rs 1167.54 crore (Rs 1148.39 crore). Total expenditure decreased to Rs 2316.80 crore (Rs 2333.81 crore).

Capital adequacy ratio was at 12.13 per cent (13.2 per cent).

The ratio of net non-performing assets fell to 2.79 per cent (4.41 per cent).

Total deposits increased to Rs 65,493 crore (Rs 57,063 crore) and total advances increased to Rs 30,966 crore (Rs 26,300 crore).

Priority lending increased by 32.36 per cent to Rs 10,844 crore (Rs 14,353 crore). Investments increased by 7 per cent to Rs 33,850 crore (Rs 31,634 crore).


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