• Business NewsBeta
  • Shows
    • Daily Show2+2=5Take it EasyRed AlertFormula GuruMoney GyanMoney CentralMoney timeJhatpat
    • Weekly ShowMoney ComicsEconomicomRealty CheckSmile and payMoney TalesSpend WiseCompanynama
  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Crypto
  • Tax
    • हिन्दी
    • తెలుగు
    • मराठी
    • বাংলা
    • ગુજરાતી
    • ಕನ್ನಡ
  • Close
Subscribe Follow

Share

  • Facebook
  • Twitter
  • Whatsapp
  • LinkedIn
  • Telegram
  • Daily Show
    • 2+2=5
    • Take it Easy
    • Red Alert
    • Formula Guru
    • Money Gyan
    • Money Central
    • Money time
    • Jhatpat
  • Weekly Show
    • Money Comics
    • Economicom
    • Realty Check
    • Smile and pay
    • Money Tales
    • Spend Wise
    • Companynama
  • Insurance
  • Savings
  • Loan
  • Crypto
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home » News » Company Earnings » Central Bank of India Q4 net loss narrows to Rs 1,349 crore

Central Bank of India Q4 net loss narrows to Rs 1,349 crore

Net profit (standalone) for the entire fiscal 2020-21 was down by 20.84% to Rs 887.58 crore as against Rs 1,121.35 crore in 2019-20, Central Bank of India said

  • Press Trust of India
  • Publish Date - June 7, 2021 / 04:04 PM IST
Central Bank of India Q4 net loss narrows to Rs 1,349 crore
The eligibility criteria for various posts are different. Candidates are requested to check the eligibility criteria available in the official notification.

New Delhi: State-owned Central Bank of India on Monday reported narrowing of its net loss to Rs 1,349.21 crore on a standalone basis in the last quarter of the fiscal ended March 2021.

The bank had posted a net loss of Rs 1,529.07 crore in the same quarter of the preceding fiscal year. Sequentially, there was a net profit of Rs 165.41 crore in the December quarter of FY21.

Net profit (standalone) for the entire fiscal 2020-21 was down by 20.84% to Rs 887.58 crore as against Rs 1,121.35 crore in 2019-20, Central Bank of India said in a regulatory filing. Income (standalone) during Q4FY21 also fell to Rs 5,779.84 crore from Rs 6723.73 crore in Q4FY20.

For the full year, the income was down at Rs 25,897.44 crore as against Rs 27,199.29 crore in FY20, the bank said. The asset quality of the state-owned lender showed improvement with the gross non-performing assets (NPAs) falling to 16.55% of the gross advances by end of March 2021 as against 18.92% by year-ago same period. In absolute value, gross NPAs fell to Rs 29,276.96 crore from Rs 32,589.08 crore.

Net NPAs were also trimmed to 5.77% (Rs 9,036.46 crore) from 7.63% (Rs 11,534.46 crore).
Provisions for bad loans and contingencies during the reported quarter rose to Rs 3,130.33 crore from Rs 2,178.33 crore put aside for the year-ago quarter.

Central Bank of India stock closed at Rs 23 apiece on the BSE, a jump of 7.98% over the previous close.

Download Money9 App for the latest updates on Personal Finance.

follow us

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
  • Instagram

also read

  • LIC Housing Finance net profit down by 5% to Rs 398.92 crore in Q4

    LIC Housing Finance net profit down by 5% to Rs 398.92 crore in Q4

  • Should you invest in world’s largest coal miner after a decline in top & bottom line?

    Should you invest in world’s largest coal miner after a decline in top & bottom line?

Read more news on

  • Central Bank of India
  • Central Bank of India results
  • Q4 results

Latest Video

SEE MORE
What is target price for Nifty and Sensex?

What is target price for Nifty and Sensex?

Updated: June 28, 2022
Why wheat flour prices increased after wheat export ban?

Why wheat flour prices increased after wheat export ban?

Updated: June 27, 2022
Is Petrol-Diesel price increase again on the cards?

Is Petrol-Diesel price increase again on the cards?

Updated: June 23, 2022
Why are edible oil prices falling?

Why are edible oil prices falling?

Updated: June 23, 2022
Why popular AMC stocks are down?

Why popular AMC stocks are down?

Updated: June 22, 2022
Why are car, two wheeler prices not falling?

Why are car, two wheeler prices not falling?

Updated: June 21, 2022
IRDA bats for reforms in the insurance sector

IRDA bats for reforms in the insurance sector

Updated: June 20, 2022
Should you invest in Gold when stock market is falling?

Should you invest in Gold when stock market is falling?

Updated: June 19, 2022
Open in App

Related

  • Stocks to watch: Avenue Supermarts, HCL Technologies, Maruti Suzuki, Fortis Healthcare

    Stocks to watch: Avenue Supermarts, HCL Technologies, Maruti Suzuki, Fortis Healthcare

  • Auditors raise red flag over Vodafone Idea’s going concern status; ICICI Securities sees over 45% fall

    Auditors raise red flag over Vodafone Idea’s going concern status; ICICI Securities sees over 45% fall

  • NALCO hits 52-week high after Q4 PAT spurts to Rs 936 crore

    NALCO hits 52-week high after Q4 PAT spurts to Rs 936 crore

  • HAL rises after Q4 PAT jumps 31% YoY to Rs 1,621 cr

    HAL rises after Q4 PAT jumps 31% YoY to Rs 1,621 cr

  • Cabinet secretary-led panel holds crucial meeting on bank privatisation

    Cabinet secretary-led panel holds crucial meeting on bank privatisation

  • These four stocks delivered over 22% returns this week

    These four stocks delivered over 22% returns this week

Videos

  • GST Council may reduce tax on orthopedic, ostomy appliances, etc
    Exclusive

    FPI buying may resume in coming 1-2 quarters

  • Is Petrol-Diesel price increase again on the cards?
    Budget

    Is Petrol-Diesel price increase again on the cards?

  • Complaint process on loan recovery agent harassment
    Loan

    Complaint process on loan recovery agent harassment

  • Will buy stocks in India if Nifty drops to 14,000: Christopher Wood
    Exclusive

    PNB, UBI turn ex-dividend

  • Why are edible oil prices falling?
    Exclusive

    Why are edible oil prices falling?

  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Know this india
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Daily Shows

  • 2+2=5
  • Take it Easy
  • Red Alert
  • Formula Guru
  • Money Gyan
  • Money Central
  • Jhatpat
  • Money time
  • Weekly Shows

  • Money Comics
  • Economicom
  • Realty Check
  • Smile and pay
  • Money Tales
  • Companynama
  • Spend Wise
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • Andorid
  • ios
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2022 Money9. All rights reserved.