The Central Bank of India on Wednesday announced its turnaround and recorded Net Profit of Rs 1045 Crore (217.68%), during the year compared to Net Loss of Rs 888 Crore on Y-o-Y basis and Rs 310 Crore (11.11%) during Q4-FY'22 on Q-o-Q basis.
The Bank has earned Operating Profit of Rs 5742 Crore (25.40%) compared to Rs 4579 Crore on Y-o-Y basis and Rs 1813 crore (44.69%) during Q4 FY'22 on Q-o-Q basis. CASA deposit has increased to Rs 172480 Crore from Rs 161926 Crore, registering a growth of 6.52% on Y-o- Y basis.
Share of CASA deposit in total deposit has also improved to 50.58% in Mar'22. Gross NPA reduced from 16.55% to 14.84 % on Y-o-Y basis registering an improvement of 171 bps and from 15.16% to 14.84% on Q-o-Q basis registering an improvement of 32 bps.
Net NPA reduced from 5.77% to 3.97% on Y-o-Y basis registering an improvement of 180 bps and from 4.39 % to 3.97 % on Q-o-Q basis registering an improvement of 42 bps.
Provision coverage ratio (PCR) improved from 82.54% for the F.Y. 2020- 21 to 86.69% for the F.Y. 2021-22 registering an improvement of 415 bps.
Total Business has increased to Rs 532404 Crore from Rs 506886 Crore registering a growth of 5.03 % on Y-o- Y basis.
Total Deposits have increased by Rs 12719 Crore and stood at Rs 342692 Crore as on March 31st 2022 as compared to Rs 329973 Crore as at the end of March 31, 2021 reflecting increase of 3.85 % on Y-o-Y basis.
CASA deposit has increased to Rs 172480 Crore from Rs 161926 Crore registering a growth of 6.52% on Y-o- Y basis. Share of CASA deposit in total deposit has also improved to 50.58% in Mar'22.
Gross NPA reduced from 16.55% to 14.84 % on Y-o-Y basis registering an improvement of 171 bps and from 15.16% to 14.84% on Q-o-Q basis registering an improvement of 32 bps.
Net NPA reduced from 5.77% to 3.97% on Y-o-Y basis registering an improvement of 180 bps and from 4.39 % to 3.97 % on Q-o-Q basis registering an improvement of 42 bps.