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Central Bank registered 32.45% growth in Net Profit

Mumbai: November 6,2012

The Central Bank has announced a net profit of Rs. 330 cr. for the quarter ended September30, 2012 an increase of 35.25% growth for the same period of previous year.

The total income has registered a growth of 10.45 % from Rs. 5234 cr. to Rs.5781 cr. on y-o-y basis. Banks total operating profit stood at Rs. 816 crore as on September30, 2012 as compared to Rs. 796 crore as on September30, 2011 on y-o-y basis.

Total business of the bank increased to Rs.357139 cr. as at September 2012 compared to Rs. 318754 cr. as at September 2011, registering y-o-y growth of 12.04%. Banks total deposit grew by8.10% means by Rs. 203538 cr.

Agriculture advances increased by 23.72% to Rs.18677 cr. in September 2012 from Rs.15096 cr. in Sep, 2011.

MSE advances registered y-o-y growth of 20.27% to Rs. 14962cr. in Sep2012 from Rs.1226 cr of corresponding quarter.

The housing loan portfolio of the bank stands at Rs. 6695 cr. consisting of 35.30% of the total retail portfolio.

The bank opened 1131 ultra small branches, 62 full fledge branches and nine upgraded extension counters to fully fledged branches on 131st Birth Anniversary of our founder Sir Sorabji Pochkhanwala.

The bank has implemented bio- metric Smart Card system, based financial investment (FI) implemented in 373 districts.

“Cent Prosperity”-A special scheme for minorities with CGTMSE coverage and concessional rate of interest was introduce by the bank.

 
PIB Release/MH/232
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