CENTRAL BANK OF INDIA’s NET PROFIT RISES BY 26.22%
FOR Q1 - NET INTEREST INCOME SURGES 94%
Mumbai, July 29, 2010:
CAPITAL ADEQUACY
• Capital Adequacy of the Bank stands at 11.67% (Basel I) as on June 30, 2010. It was 11.87% as on June 30, 2009
• As per Basel II the CRAR stands at 12.80% as on June 30, 2010. It was 13.35% as on June 30, 2009
ASSET QUALITY
• Gross NPAs as a percentage of Gross Loans and Advances was 2.43% as on Q1 2010-11 compared to 2.55% as on Q1 2009-10.
• Net NPA stood at Rs.815crore as on June 30, 2010 from Rs 603 crore as on June 30, 2009 improved by 35.16 % on YoY basis.
• The percentage of net NPA as on June 30, 2010 is 0.77% of total advances against 0.70 % as on June 30, 2009.
• NPA Provision coverage is 68.75% as on June 30, 2010.
PROFIT
• Gross Profit of the Bank was up by 85.04% at Rs. 668 crore for the quarter ended June 30, 2010 from Rs. 361 crore as on June 30, 2009 on YoY basis.
• The Net Profit of the Bank for the quarter ended June 30, 2010 stood at Rs. 337 crore as compared to Rs. 267 crore for the quarter ended June 30, 2009 posted a growth of 26.22% on a YoY basis.
• Non Interest Income of the Bank was Rs. 247 crore for the quarter ended June 30, 2010.
KEY FINANCIAL RATIOS
• Cost to income ratio improved to 51.12% for the quarter ended June 30, 2010 from 62.82 % for the quarter ended June 30, 2009 on YoY basis.
• Return on average Assets has increased to 0.78% as on June 30, 2010 from 0.74 % as on June 30, 2009.
• Cost of deposits has reduced to 5.53% for the quarter ended June 30, 2010 as compared to 6.46 % for the quarter ended June 30, 2009 on YoY basis.
• Yield on advances decreased to 9.65% for the quarter ended June 30, 2010 when compared to 9.98 % for the quarter ended June 30, 2009 on YoY basis.
• Yield on Investment decreased to 6.72% for the quarter ended June 30, 2010 when compared to 6.73 % for the quarter ended June 30, 2009 on YoY basis.
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(This is a press release from Central Bank of India)
