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  Business   Companies  29 Jul 2017  Central Bank of India posts net loss of Rs 576.76 crore in Q1

Central Bank of India posts net loss of Rs 576.76 crore in Q1

PTI
Published : Jul 29, 2017, 6:17 pm IST
Updated : Jul 29, 2017, 6:17 pm IST

Total income stood at Rs 6,870.78 crore for the quarter under review.

Central Bank of India on Saturday reported a net loss of Rs 576.76 crore for the quarter ended June 30, 2017.
 Central Bank of India on Saturday reported a net loss of Rs 576.76 crore for the quarter ended June 30, 2017.

New Delhi: State-run Central Bank of India on Saturday reported a net loss of Rs 576.76 crore for the quarter ended June 30, 2017.

The bank had reported a net loss of Rs 599.81 crore in the corresponding quarter a year ago.

Total income stood at Rs 6,870.78 crore for the quarter under review, as against Rs 6,662.68 crore in the first quarter of the previous fiscal, Central Bank of India said in a BSE filing.

Its provisioning and contingencies, however, fell to Rs 1,269.02 crore during the quarter from Rs 1,543.66 crore a year ago.

Gross non-performing assets of the bank rose to 18.23 per cent from 13.52 per cent, while net NPA too jumped to 11.04 per cent from 8.17 per cent.

Tags: central bank of india, q1 earnings
Location: India, Maharashtra, Mumbai (Bombay)