OREANDA-NEWS. August 2, 2011. Central Bank of India, a leading Public Sector Bank in its Centenary year has posted a Net Profit of Rs. 281 crore for the quarter ended June 30, 2011 as compared to Rs. 337 crore for the quarter ended June 30, 2010 recording a negative growth of 16.62% as on Y-o-Y basis. Operating Profit rose by 18.56% from Rs. 668 crore in Q1 2010-11 to Rs. 792 crore in Q1 2011-12. This increase was due to a growth of 18.86% on Y-o-Y basis in Net Interest Income from Rs. 1119 crore for Q1 2010-11 to Rs.1330 crore for Q1 2011-12. The Total Business of the Bank increased to Rs.311929 crore as on June 30, 2011 from Rs. 262120 crore as on June 30, 2010, registering a growth of 19.00% on Y-o-Y basis. Gross NPA ratio declined to 2.29% as on June 30, 2011 from 2.43 % as on June 30, 2010. Net NPAs is 0.87% as on June 30, 2011. NPA Provision Coverage was 65.16% as on June 30, 2011. Return on Assets has decreased to 0.56% as on June 30, 2011 from 0.78% as on June 30, 2010. Cost to Income Ratio improved to 50.90% for Q1 2011-12 from 51.12% for Q1 2010-11. Tier II Capital Adequacy Ratio (Basel II) stood at 12.68% as on 30.06.2011 as compared to 12.80% as on 30.06.2010.
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