Central Bank of India Q3 Results, Enormous 56.7% Profits of Rs 717.9 crore. Stock price rose 2.75% to Rs 54.25 on Friday.

The Central Bank of India reported a substantial 56.7% increase in net profit for the December quarter of 2023-24, reaching Rs 717.9 crore, up from Rs 458.22 crore a year ago. Following this, the bank's stock price rose 2.75% to Rs 54.25 on NSE on Friday.
Central Bank of India Q3 Results, Enormous 56.7% Profits

The Central Bank of India announced a strong profit growth for the 3rd quarter ending December in the 2023-24 financial year. Their net profit reached Rs 717.9 crore, which is a 56.7% increase from the Rs 458.22 crore earned in the same period the previous year.

The bank has also seen an improvement in the quality of its assets. The gross non-performing asset (NPA) rate has decreased to 4.50% from 8.85% last year, and the net NPA rate has improved to 1.27%, down from 2.09%.

In terms of earnings from its lending activities, the Central Bank of India’s net interest income (NII) rose by 14.45% to Rs 9355 crore for the nine months ending December 31, 2023. This figure is higher compared to the same period last year. Additionally, the bank’s Net Interest Margin (NIM), a key indicator of financial health, improved to 3.33%.

For the third quarter of the financial year 2023-24, the bank’s total income, which includes earnings from interest and other sources, was Rs 9139 crore. This shows a 19.68% increase from Rs 7636 crore in the same quarter of the previous year.

The bank maintains a strong presence throughout India with a network of 4494 branches, of which 2934 (65.29%) are in rural and semi-urban areas. They also operate 4083 ATMs and 11207 BC Points, totaling 19784 touchpoints as of December 2023.

Bank’s stock price rose 2.75% to Rs 54.25 on the National Stock Exchange (NSE) on Friday.

Loading
Read More News
https://aliceblueonline.com/hindi/niva-bupa-ipo-likely-to-file-360m-ipo-hindi/

Amara Raja shares : GIB EnergyX डील से, Amara Raja के शेयर 20% बढ़कर नए शिखर पर पहुंचे!

GIB EnergyX के साथ लाइसेंसिंग समझौते के बाद Amara Raja के शेयर 20% उछलकर ₹1,656 पर पहुंच गए, जिससे उनकी LFP lithium battery technology को आगे बढ़ाने और विनिर्माण क्षमताओं में उल्लेखनीय वृद्धि हुई।

Niva Bupa IPO : कंपनी करेगी IPO के लिए अप्लाई, 360 मिलियन डॉलर जुटाने की है योजना!

Niva Bupa IPO : कंपनी करेगी IPO के लिए अप्लाई, 360 मिलियन डॉलर जुटाने की है योजना!

Niva Bupa ने शेयर बाजार में मौजूदा उछाल और निवेशकों की मजबूत रुचि का लाभ उठाते हुए 2.5 बिलियन डॉलर का मूल्यांकन प्राप्त करने के लिए 360 मिलियन डॉलर का IPO लाने की योजना बनाई है।

Diensten Tech IPO 26 जून को खुलेगा, लॉट साइज़ 1200, प्राइस बैंड ₹95-100; जानें लेटेस्ट GMP और अन्य ज़रूरी जानकारी!

Diensten Tech IPO 26 जून को खुलेगा, लॉट साइज़ 1200, प्राइस बैंड ₹95-100; जानें लेटेस्ट GMP और अन्य ज़रूरी जानकारी!

Diensten Tech IPO में ₹0 GMP है, जिसकी कीमत ₹95-100 प्रति शेयर है। इसका लॉट साइज़ 1200 शेयरों का है। सब्सक्रिप्शन विंडो 26 जून से 28 जून 2024 तक खुली रहेगी।

STOP PAYING

₹ 20 BROKERAGE

ON TRADES !

Trade Intraday and Futures & Options