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Central Bank of India posts Rs 155 crore profit in December quarter


The bank is currently under the Reserve Bank of India's prompt corrective action (PCA) framework. Slippages for the quarter (including divergence found by the central bank) more than tripled during to Rs 3,998 crore.

NII was up 11.34% y-o-y to Rs 2,022 crore. Net interest margin was 10 basis points (bps) higher than the last quarter at 2.92%.

Central Bank of India reported a net profit of Rs 155.32 crore on a standalone basis for the December quarter, compared to a Rs 718.23-crore loss a year ago. The Q3 profit was aided by ...


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