Central Bank of India announced Q3FY24 & 9MFY24 results: Financial Performance: - The Central Bank of India reported a significant increase in its net profit, which surged by 56.77% to Rs 718 crore for Q3FY24, compared to Q3FY23. - For 9MFY24, net profit rose sharply by 72.30% to Rs 1,742 crore. - The Bank's total income, including both interest and non-interest income for Q3FY24, improved by 19.68% to Rs 9,139 crore. - Net Interest Income (NII) for 9MFY24, grew by 14.45% to Rs 9,355 crore. Business Growth: - Total business expanded by 11.48%, reaching Rs 6,17,368 crore. - Total Deposits increased by 9.53% to Rs 3,77,722 crore. - Gross Advances climbed by 14.71% to Rs 2,39,646 crore on a YoY basis. - The Bank's Credit to Deposit (CD) Ratio improved to 63.60%, showing a growth of 283 basis points. Asset Quality: - Gross Non-Performing Assets (NPAs) ratio improved significantly to 4.50%, marking a reduction of 435 basis points. - Net NPA ratio saw an improvement too, reaching 1.27% which is an 82 basis points improvement. - The Bank's Provision Coverage Ratio increased to 93.73%, registering a 201 basis points improvement. Capital Adequacy & Liquidity: - The Bank's Capital Adequacy Ratio (CAR) as per Basel III norms improved to 14.74%, with a Common Equity Tier 1 ratio at 12.17%. - The Liquidity Coverage Ratio (LCR) was reported at 231.92%. Branch Network: - The Bank maintains a PAN India presence with a network of 4494 branches, with 65.29% situated in rural and semi-urban areas. Additionally, there are 4,083 ATMs and 11,207 BC Points, making a total of 19,784 touch-points across the country. Result PDF