Central Bank posts R1,508 cr loss in Q2https://indianexpress.com/article/news-archive/web/central-bank-posts-r1-508-cr-loss-in-q2/

Central Bank posts R1,508 cr loss in Q2

Related News GN Bajpai resigns from IL&FS board Rupee continues slide to hit record low; Sensex falls 509 pts Direct Port Delivery scheme cuts down cargo release time With non-performing assets (NPAs) soaring 35.9 per cent to Rs 11,563 crore,public sector Central Bank of India has posted a massive net loss of Rs 1,509 crore […]

With non-performing assets (NPAs) soaring 35.9 per cent to Rs 11,563 crore,public sector Central Bank of India has posted a massive net loss of Rs 1,509 crore in the three months ended September 2013 as against a net profit of Rs 330 crore in the year ago period.

The bank showed a four-fold spike in provisions which soared to Rs 1,841 crore,(including Rs 62 crore for restructured assets) as against Rs 492 crore it made during the July-September quarter last year.

The gross non-performing assets jumped to 6.47 per cent against 5.54 per cent in the previous quarter last year.