Central Bank of India Q1 results: Profit rises 13% to Rs 1,324 cr

Central Bank of India reported a 13 percent YoY rise in Q1 net profit to Rs 1,324 crore, up from Rs 1,169 crore a year ago. Total income grew to Rs 10,678 crore and interest earned rose sharply to Rs 9,691 crore from Rs 8,589 crore, though operating profit slipped to Rs 2,186 crore. Asset quality improved with gross NPAs falling to 2.60 percent from 3.13 percent, net NPAs stable at 0.49 percent, and provisions dropping to Rs 346 crore from Rs 468 crore.