The Central Bank of India (CBI) has registered a growth of 14.54 per cent from Rs 5625 crore to Rs 6443 crore on year-over-year basis for the first quarter that ended on June 30.
The bank’s total income has registered a growth of 14.54 per cent from Rs 5625 crore to Rs 6443 crore on y-o-y basis. Total business of the bank increased to Rs 405,383 crore at at June 2013 compared to Rs 351,221 crore as at June 2012 registering y-o-y growth of 15.42 per cent. Total deposits reached to Rs 230,760 crore in June 2013 from Rs 196,977 crore as at June 2012 showing a y-o-y growth of 17.15 per cent.
In a statement bank’s chief manager JB Mahapatra informed that the Net Interest Margin has improved to 2.68 per cent for the quarter ended June 2013 as compared to 2.64 per cent of June 2012 on y-o-y basis. Net Interest Income of the bank registered a growth of 11.54 per cent from Rs 1,378 crore to Rs 1,537 crore on y-o-y basis. Non Interest Income of the bank registered a growth of 85.71 per cent from Rs 322 crore to Rs 598 crore on y-o-y basis.
Operating profit stood at Rs 1,000 crore as on June 30, 2013 as compared to Rs 793 crore as on June 30 last year registering a growth of 26.10 per cent on y-o-y basis.
Bank recorded Net Profit of Rs 22 crore as on June 30, 2013 as compared to Rs 336 crore as on June 30, 2012.