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Central Bank profit jumps 32% to Rs 404 crore

PTI     January 31, 2011
Public sector lender Central Bank of India on Monday reported a 31.68 per cent increase in its net profit to Rs 403.52 crore for the quarter ended December 31, 2010.

The bank had a net profit of Rs 306.44 crore in the corresponding period of the previous financial year.

Central Bank of India's total income also registered a growth of 19.65 per cent to Rs 4,182.59 crore in the third quarter of this financial year, compared to Rs3,495.42 crore in the same quarter a year ago, it said in a filing on the Bombay Stock Exchange (BSE).

The interest earned by the bank also expanded 25.6 per cent in the third quarter to Rs 3,933.06 crore, against Rs 3,131.30 crore in the year-ago period.

The bank's shares were trading at Rs 172.30, up 3.02 per cent from their previous close on BSE.

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