InvestorQ : What is your take on the latest results announced by Central Bank of India?
diksha shah made post

What is your take on the latest results announced by Central Bank of India?

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1 week ago
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Central Bank of India net loss narrowed on a yoy basis Rs.1,349 crore in the Mar-21 quarter. This is a tad better than the net loss of Rs.1,529 crore in Mar-20 quarter. The net profits for the full year FY21 stood 20.8% higher at Rs.888 crore.

Gross NPAs at 16.55% were lower but relatively high on absolute basis. In Q4 FY21, Central Bank provided for bad loans and contingencies worth Rs.3,130 crore, up 45% over Mar-20 quarter. Capital adequacy remains a concern for the Bank.

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