INDIAN NEWS & TIMES

Friday, November 24, 2017

Central-Bank-of-India-logo (1)Total Income for the financial year ended March 31,2017 was Rs. 27537 crore as compared to Rs.27825 crore for the financial year ended March 31, 2016.

Non Interest Income of the Bank increased to Rs. 2876 crore for the financial year ended March 31, 2017 compared to Rs. 1938 crore for the financial year ended March 31, 2016, registering y-o-y growth of 38 %

Operating Profit of the Bank stood at Rs. 3089 crore for the financial year ended March 31, 2017 as compared to Rs. 2642 crore for the corresponding previous financial year ended March 31, 2016, registering y-o-y growth of 92 %.

Net Loss for the quarter ended March 31, 2017 reduced to Rs. 592 crore in comparison to Net Loss of Rs. 898 crore for the quarter ended March 31, 2016. Net Loss of the Bank stood at Rs. 2439 cromr_rajeev_rishi-1re for the financial year ended March 31, 2017.

 ASSET QUALITY:

Cash Recovery increased to Rs. 1183 crore in the financial year ended March 31, 2017 as compared to Rs.608 crore in the previous financial year ended March 31, 2016. 

Upgradation of assets improved to Rs. 2337 crore in the financial year March 31, 2017 as compared to Rs.1256 crore in the previous financial year ende  d March 31, 2016.

Gross NPA to Gross Advances increased to 17.81 % as on March 31, 2017 from 11.95 % as on March 31, 2016, which was due to sale of loan assets of 22991.22 crore through IBPC participation

Net NPA to Net Advances increased to 10.20 % as on March 31, 2017 from 7.36 % as on March 31, 2016.

Provision Coverage Ratio improved to 58.43% as on March 31, 2017 from 52 % as on March 31, 2016.

BUSINESS HIGHLIGHTS:

Total Business of the Bank stood at Rs. 449679 crore as at March 31, 2017 compared to Rs. 456336 crore as at March 31, 2016admin_03

Total Deposits reached to Rs. 296671 crore in March 2017 from Rs. 266184 crore as at March, 2016 showing a y-o-y growth of 11.45 %.

CASA percentage improved to 39.20 % in March 2017 as against 35.48 % in March 2016.

Gross Advances of the Bank stood at Rs. 153008 crore in March 2017 as against 190152 crore in March 2016 which was due to sale of loan assets of Rs. 22991.22 crore through IBPC participation.

Agriculture Advances increased by 7.71 % to Rs. 39672 crore in March 2017 from 36833 crore in March 2016.

MSME Advances registered y-o-y growth of 2.46 % to Rs. 32368 crore in March 2017 from 31590 crore in March 2016.

Retail Loans for the Financial Year ended March 31, 2017 stood at Rs. 32008 crore constituting 20.92% of the total loans & advances.

Housing Loan portfolio of the Bank stood at Rs. 12510 crore constituting 39.08 % of the total Retail Portfolio as on March 31, 2017.

CAPITAL

Capital Adequacy Ratio (CRAR) as per Basel III stood at 10.95 % as on March 31, 2017, of which, Tier I capital stood at 8.62 % and Tier II at 2.33 %.

Bank’s Net worth stood at Rs. 14,735.84 crore as on March 31, 2017.