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Central Bank of India net up 35%

Central Bank of India recorded a net profit of Rs 330 crore as on September 30, 2012, compared to Rs 244 crore in the same period last year, registering a y-o-y growth of 35.25 per cent. The total income registered a growth of 10.45 per cent from Rs 5,234 crore to Rs 5,781 crore on y-o-y basis.

CMD M V Tanksale said on Tuesday in Mumbai that the bank’s total business witnessed an increase of 12.04 per cent to Rs 357139 crore while total deposits were up by 8.10 per cent with Rs 2,03,538 crore and total core deposits rose by 18.49 per cent to Rs 1,49,687 crore for Q2 FY13.

The CASA percentage improved to 33 per cent in September 2012 against 32.82 per cent in September last year. Agricultural advances increased by 23.72 per cent to Rs 18,677 crore in September 2012 from Rs 15096 crore in September 2011.

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