Central Bank of India has reported a net profit of Rs.330 crore for the second quarter ended September 30, 2012, up 35.25 per cent as compared to Rs.244 crore in the year-ago period.
Total income was up 10.4 per cent at Rs.5,781 crore against Rs.5,234 crore. Net interest income grew 1.29 per cent to Rs.1,415 crore (Rs.1,397 crore) while non-interest income was up by 8.95 per cent at Rs.353 crore (Rs.324 crore).
In the current financial year “the focus would be on stepping up recovery and giving loans to agriculture, small and medium enterprises and retail,” said M. V. Tanksale, Chairman and Managing Director, while addressing a press conference here.
Gross non-performing assets (NPAs) increased to 5.54 per cent (4.87 per cent) while the net NPA rose to 3.80 per cent (3.22 per cent).