Central Bank of India web revenue up 6.5% at Rs 165 crore in December quarter

State-owned Central Bank of India on Tuesday reported a 6.5 per cent rise in its web revenue to Rs 165.41 crore within the third quarter ended December.
The financial institution had posted a web revenue of Rs 155.32 crore within the corresponding year-ago interval.
Total revenue, nevertheless, fell to Rs 6,556.98 crore in October-December interval of 2020-21 as towards Rs 7,278.29 crore in similar interval of 2019-20, the financial institution mentioned in a regulatory submitting.

Interest revenue for the quarter beneath overview was right down to Rs 5,782.61 crore from Rs 6,028.88 crore within the year-ago quarter.
The financial institution’s asset high quality improved with gross non-performing belongings(NPAs) falling to 16.30 per cent of the gross advances as of December 31, 2020, from 19.99 per cent by finish of December 2019.
In worth phrases, gross NPAs or unhealthy loans stood at Rs 29,486.07 crore as towards Rs 33,259.59 crore.
Net NPAs within the mentioned quarter additionally got here right down to 4.73 per cent (Rs 7,514.65 crore) from 9.26 per cent (Rs 13,568.05 crore) within the year-ago interval.
Provisions for unhealthy loans and contingencies additionally decreased to Rs 743.74 crore for Q3FY21 from Rs 1,249.21 crore stored apart for the year-ago quarter.

Stocks of the financial institution have been buying and selling at Rs 15.03 apiece in afternoon session on BSE, up 1.35 per cent over earlier shut.