Central Bank of India Q3 result update: Key things to know
Upstox
1 min read • Updated: January 19, 2024, 5:29 PM
Summary
Central Bank of India reports robust Q3 results. 56.7% YoY jump in net profit
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PSU bank’s net profit rose 56.7% YoY to ₹717.9 crore, while net Interest Income (NII) fell 4% YoY to ₹3,151.8 crore. Meanwhile, Bank’s net interest margin (NIM) improved to 3.33%, up 6 bps.
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Gross NPA at 4.50% vs 4.62% (QoQ), while Net NPA at 1.27% vs 1.64% (QoQ). Central bank of india Q3 provisions & contingencies at ₹822 crore versus ₹994 crore.
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Following the result announcement, shares of the public bank lender rose 2.5%, with a day high of ₹54.7 per share.