Press Trust of India | Updated On: May 10, 2014 16:18 (IST)
Mumbai: Central Bank of India recorded a 4 per cent decline in net profit at Rs 162.44 crore for the fourth quarter that ended on March 31, 2014.
The state-owned bank had posted a profit of Rs 169.15 crore for the corresponding quarter of financial year 2012-13, it said in a filing to the BSE.
Total income increased to Rs 6,961.67 crore from Rs 6,403.57 crore a year ago.
For the entire 2013-14, the bank made a loss of Rs 1,262.84 crore, compared with a profit of Rs 1,014.96 crore in the previous financial year, due to higher provisioning.
Total income in 2013-14 rose to Rs 26,350.13 crore from Rs 23,527.98 crore in 2012-l3.
Provisions, other than tax, and contingencies surged to Rs 4,232.57 crore in FY14 compared with Rs 1,852.81 crore in FY13.
Gross non-performing assets (NPAs), or bad loans, as a percentage of total advances rose to 6.27 per cent from 4.8 per cent in the same quarter a year ago.
Net NPAs increased to 3.75 per cent from 2.9 per cent at the end of March 2013.
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