Central Bank of India trims Q4 net loss - News Summed Up

Central Bank of India trims Q4 net loss


Gross NPA to gross advances increased to 17.81 per cent as on March 2017 from 11.95 per cent year ago. For full fiscal, there was a net loss of Rs 2,439 crore, up from Rs 1,418 crore in 2015-16, the bank said. Net NPAs rose to 10.20 per cent of net advances from 7.36 per cent year ago. For the entire 2016-17, income of the bank fell to Rs 27,537 crore against Rs 27,827 crore. Upgradation of assets improved to Rs 1,183 crore from Rs 608 crore a year ago,” it said.


Source: Indian Express May 16, 2017 21:11 UTC



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