Central Bank Of India : BANK’S RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2015

CO:PRO:2005:08:

CO:PRO:2016:01:PRESS:62 09th February, 2016

PRESS RELEASE

B ANK'S RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2015

Major Highlights -Q3 FY 2015-16

(Rs.in crores)

	Total Business	4,59,266
	Total Deposits	2,62,937
	Total Core Deposits	2,48,020
	Gross Advances	1,96,329
	Operating Profit	661

PERFORMANCE HIGHLIGHTS

• Total Business of the Bank increased to Rs. 4,59,266 crore from Rs. 4,41,510 crore in December 2014, recording Y-O-Y growth of 4.02%.

  
  

• Total Deposits of the Bank increased to Rs. 2,62,937 crore from Rs.2,51,338 crore in December 2014, recording Y-O-Y growth of 4.61%.

  
  

• Total Advances stood at Rs.1,96,329 crore against Rs. 1,90,172 crore in December 2014, recording Y-O-Y growth of 3.24%.

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• CASA increased to Rs. 90,420 crore from Rs. 81,377 crore in December 2014, recording Y-O-Y growth of 11.11%. Share of CASA in total deposits stood at 34.89% as against 32.38% in December 2014.

  
  

• Core Deposits increased to Rs. 2,48,020 crore from Rs. 2,17,376 crore in December 2014, recording Y-O-Y growth of 14.10%.

  
  

• Total Income increased to Rs. 21,114 crore in 9 months ended December 2015 from Rs. 20,982 crore in 9 months ended December 2014, recording Y-O-Y growth of 0.63%.

  
  

• Bank registered Net Loss of Rs. 837 crore in Q3 FY 2015-16 as compared to Net Profit of Rs. 138 crore during corresponding period of previous year. For the 9 months ended December 2015 the Net Loss is Rs. 521 crore compared to Net profit of Rs. 433 crores in 9 months ended December 2014.

  
  

• Provision Coverage Ratio stood at 52.95% in December 2015.

  
  

• CRAR under BASEL II is at 11.63% with Tier I at 8.34% whereas CRAR under BASEL III is 10.44% with Tier I at 7.63%.

  
  

• NIM has improved from 2.56% to 2.71% on Y-O-Y basis.

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