Central Bank of India Q2 Results: Profit surges 51% YoY to Rs 913 crore
Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.
Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.
Net Interest Income increased to Rs 3,410 crore in the latest July-September quarter as compared to Rs 3,028 crore in the corresponding period a year ago.
The bank earned an interest income of Rs 8,203 crore during the quarter, compared to Rs 7,351 crore in the year-ago quarter.
Net Interest Margin (NIM) in the reporting quarter rose to 3.44 per cent from 3.29 per cent at the end of second quarter of previous fiscal.
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