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Central Bank of India announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Net Profit up by 41.33% to Rs 807 crore in Q4FY24 against Rs 571 crore in Q4FY23.
- Total Income (Interest Income plus Non Interest Income) for Q4FY24 improved by 13.20%, from Rs 8,568 crore in Q4FY23 to Rs 9,699 crore for Q4FY24.
- Return on Assets (ROA) improved to 0.76% for Q4FY24 as against 0.61% for Q4FY23.
- Return on Equity (ROE) also improved to 2.92% for Q4FY24 as against 2.27% for Q4FY23.
- Net Interest Income (NII) marginally improved to Rs 3,541 crore, as against Rs 3,513 crore in the corresponding period of previous year, registering a growth of Rs 28 crore (0.80%).
FY24 Financial Highlights:
- Net Profit up by 61.13% to Rs 2,549 crore for 12 months period ended on 31st March 2024, over corresponding period of last year of Rs 1,582 crore.
- Net Interest Income (NII) grew by 10.34% on YoY basis to Rs 12,896 crore for 12 months period ended on 31st March 24, over corresponding period of last year of Rs 11,687 crore.
- Total Income (Interest Income plus Non Interest Income) improved to Rs 35,434 crore (19.60%), for 12 months period /FY ended on 31st March 24, over corresponding period of last year from Rs 29,626 crore.
- Return on Assets (ROA) improved to 0.63% for 12 months period/FY ended on 31st March 24, over corresponding period of last year of 0.44%.
- Return on Equity (ROE) improved to 9.53% for 12 months period ended on 31st March 24, over corresponding period of last year of 6.42%.
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