Central Bank of India on Monday announced its financial results for the fourth quarter of the year ended on March 31, 2021.
With improved performance, the net loss reduced from Rs 1121 Crore to Rs 888 Crore (20.79%) for FY’ 21 over FY’ 20 and from Rs 1529 Crore to Rs 1349 Crore during Q’4 21 (11.77%) on Y-o-Y basis.
Operating Profit increased from Rs 4344 Crore toRs 4630 Crore (6.58%) during FY’21 over FY’20 and from Rs 517 Crore to Rs 688 Crore (33.08%) during Q4’ 21 over Q4’20 on Y-o-Y basis.
Net NPA improved from 7.63% to 5.77% in Mar’21 over Mar’20 registering an improvement of 186 bps. Provision Coverage Ratio (PCR) improved from 77.29% to 82.54% in Mar’21 over Mar’20 registering an improvement of 525 bps.
Net Interest Income (NII) improved from Rs 7629 Crore to Rs 8245 Crore (8.07%) during FY’21 over FY’20. However NII declined from Rs 1926 Crore to Rs 1516 Crore (-31.96%) during Q4’21 on Y-o-Y basis.
Operating Profit increased from Rs 4344 Crore to Rs 4630 Crore (6.58%) during FY’21 over FY’20 and from 517 Crore to Rs 688 Crore (33.08%) during Q4’ 21 over Q4’20 on Y-o-Y basis.Cost to Income ratio improved from 61.44% to 59.43% during FY’21 over FY’20 and from 80.99% to 71.57 % during Q4’21 over Q4’20 on Y-o-Y basis registering an improvement of 942 bps.Cost of Deposit improved from 5.11 % to 4.35% during FY’21 over FY’20 and from 5.05% to 4.00 % during Q4’21 over Q4’20 on Y-o-Y basis registering an improvement of 105 bps.