Central Bank of India - Q2FY13 Result - First-Cut - Microsec

Central Bank of India Ltd has announced its Q2FY13 result on 6th Nov 2012.

The bank's total income increased by 4% QoQ and 2.76% YoY to INR1767.92 crores. It is mainly, because of tepid growth in its Net Interest Income (NII) by 1.42% YoY to INR1415.86 crores. However, Other Income grew by 8.52% YoY to INR352.06 crores. Whereas, Profit After Tax (PAT) increased by 35.13% YoY to INR329.92 crores.

During the quarter, Bank's loans book and total deposits expanded by 17.03% and 8.10% YoY to INR150069.20 and INR203537.77 crores respectively. On the assets quality front, bank asset quality is still the matter of concern. GNPA and NNPA increased by 67 and 58bps QoQ and 260 and 243bps YoY to 5.54% and 3.80% respectively. Moreover, Net Interest Margin (NIM) decreased by 34bps YoY to 2.66%. However, Capital Adequacy Raito (CAR) is 261bps or 32.61% higher than the regulator stipulated norm.

Source : Equity Bulls

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