Central Bank of India reported a net loss of Rs 599.8 crore for the first quarter ended June 30 as provision for bad loans witnessed over two-fold jump.
The bank had earned a net profit of Rs 203.6 crore in the April-June quarter of last fiscal, the state-owned bank said in a regulatory filing.
Total income of the bank declined to Rs 6,662.6 crore as against Rs 7,098.99 crore in the same period last year.
Provision for bad loans witnessed over two-fold rise to Rs 1,543.65 crore as against Rs 580.75 crore in the year-ago period.
As on June 30, 2016 the bank's gross non-performing assets (NPAs) increased to 13.52 per cent of advances as against 6.7 per cent at the end of the first quarter last fiscal.
Net non-performing assets also rose to 8.17 per cent as against 4 per cent as on June 30, 2015.
The bank had earned a net profit of Rs 203.6 crore in the April-June quarter of last fiscal, the state-owned bank said in a regulatory filing.
Total income of the bank declined to Rs 6,662.6 crore as against Rs 7,098.99 crore in the same period last year.
Provision for bad loans witnessed over two-fold rise to Rs 1,543.65 crore as against Rs 580.75 crore in the year-ago period.
As on June 30, 2016 the bank's gross non-performing assets (NPAs) increased to 13.52 per cent of advances as against 6.7 per cent at the end of the first quarter last fiscal.
Net non-performing assets also rose to 8.17 per cent as against 4 per cent as on June 30, 2015.
No comments:
Post a Comment