Central Bank makes turnarond,

earns Q1 net profit of Rs 118 crore

NEW DELHI, AUGUST 07 : Central Bank of India registered net profit for the quarter ended June 30, 2019 at Rs.118 crore as against net loss of Rs 1,522 crore for the quarter ended June 30, 2018. Total Income for the quarter ended June 30, 2019 stood at Rs.6,493crore as compared to Rs. 5,905 crore for the quarter ended June 30, 2018. Non-Interest Income of the Bank increased to Rs. 779 crore for the quarter ended June 30, 2019 as compared to Rs 213 crore for quarter ended June 30,2018. Operating Profit of the Bank stood at Rs.1,104crore for the quarter ended June 30, 2019 as compared to Rs. 384 crore for the corresponding quarter ended June 30, 2018.

The bank made cash recovery of Rs.784.65 crore in the the quarter ended June 30, 2019 including recovery of Rs. 69.60crore in technical write off accounts.

Upgradation of assets stood at Rs 433.59 crore in the quarter ended June 30, 2019.

Net NPA to Net Advances reduced to 7.98 per cent as on June 30, 2019 as against 10.58 per cent as on June 30, 2018.

Provision Coverage Ratio improved further and stood at 76.85 per cent as on June 30, 2019 from 66.42 per cent as on June 30, 2018.

Gross NPA as on June 30,2019 reduced to Rs 32,908 crore as against Rs 38,778 crore as on June 30,2018.In percentage terms, reduced to 19.93% as on June 30,2019 as against 22.17% as on June 30,2018.

The total business of the bank stood at Rs.4,62,883 crore as at June 30, 2019 as compared to Rs. 4,68,535 crore as at June 30, 2018.

Total deposits increased to Rs. 2,97,781 crore in June 30, 2019 from Rs. 2,93,595 crore as at June 30, 2018. Share of CASA improved to 45.45 per cent in June 2019 as against 42.72 per cent in June 2018.

Gross advances of the Bank stood at Rs 1,65,102 crore as at June 30, 2019 as against Rs. 1,74,940 crore as at June 30, 2018. Agriculture Advances increased to Rs.32,509.59 crore in June 2019 from Rs. 31,823.97 crore in June 2018. MSME Advances stood at Rs. 30,753 crore in June 2019.

Retail Loans for the quarter ended June 30, 2019 stood at Rs.47,618croreconstituting 28.84% of the Total Loans &Advances.

Housing Loan portfolio of the Bank stood at Rs.23,334crore constituting 49.00% of the total Retail Portfolio as on June 30, 2019.

Capital Adequacy Ratio (CRAR) as per Basel III stood at 9.58 per cent as on June 30, 2019, of which, Tier I capital stood at 7.58 per cent and Tier II at 2.00 per cent.

The bank's net worth stood at Rs.16,077.45crore as on June 30, 2019.

The bank is having total 3,304 ATMs as on June 30, 2019. Transactions through Alternate Delivery channels are 9,394 lakh (Average 57.88 %)during the year ended June 30, 2019as against 8,963 lakh (Average 57.95%) for June 30, 2018of the Total transactions. POS/E-Com transactions during the year are at an averageof 2.12 lakh per dayas on June 30,2019 as against an average of 1.42 lakh per day for June 30, 2018.

Mobile Banking transactions during the year are on average of18,250 per day for June 30,2019 as against average of 15,000 per day for June 30, 2018

UPI transactions during the year are on average of 5.57lakh per day for June 30,2019 as against average of 1.24 lakh per day for June 30, 2018

IMPS transactions were on average of 1.61 lakh per dayduring the year ended June 30, 2019 as against average of 0.91 lakh per day for June 30, 2018

Registered users for Net Banking, Mobile Banking and UPI during the quarter ended June 30, 2019 was 43.25 Lakh,20.08 Lakh and 4.14 lakh as against 36.64 lakh,13.60 lakh and 1.85 lakh during the quarter ended June 30, 2018respectively.

Under PradhanMantri Jan DhanYojana, Bank has opened around 136.66 lakh accounts having an outstanding balance ofRs. 3,124.52 crore as on June 30, 2019.

The total enrolment under PradhanMantriSurakshaBimaYojana (PMSBY), PradhanMantriJeevanJyotiBimaYojana (PMJJBY) and Atal Pension Yojana (APJ) are 38.86 lakh, 12.58 lakh and 6.21 lakh respectively as on June 30, 2019.

As on June 30 , 2019, in Mudra Loan (Shishu, Kishore &Tarun) Bank has sanctioned Rs.4,862 crore, disbursed Rs.4,656 crore and the outstanding amount is Rs.3,422 crore in 2,50,930 accounts.

The bank is having pan India presence with network of 4,659 branches spanning 63.30 per cent in rural & semi-urban areas and 3,304 ATMs as on June 30, 2019.