<p>New Delhi: State-owned Central Bank of India on Friday reported a 90 per cent jump in net profit to Rs 605 crore for the September quarter on a healthy growth core income and a fall in bad loans.</p>.<p>The bank had posted a net profit of Rs 318 crore in the year-ago period.</p>.<p>During the quarter, total income rose to Rs 8,412 crore from Rs 7,065 crore a year ago, Central Bank of India said in a regulatory filing.</p>.<p>Interest income during the September quarter grew to Rs 7,351 crore as against Rs 6,155 crore in the year-ago period.</p>.<p>Net Interest Income (NII) grew 10.23 per cent to Rs 3,028 crore in the second quarter of the current fiscal as against Rs 2,747 crore a year ago.</p>.<p>Gross non-performing assets (NPAs) reduced to 4.62 per cent of gross advances as of September 30.</p>.<p>Net NPAs were also brought down to 1.64 per cent as compared to 2.95 per cent in the same period previous fiscal.</p>.<p>As a result, provision and contingencies declined to Rs 967 crore as against Rs 1,125 crore in the same period a year ago.</p>.<p>Provision Coverage Ratio improved to 92.54 in the quarter from 89.20 in the corresponding period a year ago.</p>.<p> Net Interest Margin improved to 3.53 per cent as against 3.12 per cent last year, it said.</p>.<p> Capital adequacy ratio of the bank increased to 14.82 per cent as compared to 13.56 per cent.</p>.<p> The bank's total business grew by 11.51 per cent to Rs 6,02,284 crore vis-à-vis Rs 5,40,130 in the second quarter of previous fiscal. </p>
<p>New Delhi: State-owned Central Bank of India on Friday reported a 90 per cent jump in net profit to Rs 605 crore for the September quarter on a healthy growth core income and a fall in bad loans.</p>.<p>The bank had posted a net profit of Rs 318 crore in the year-ago period.</p>.<p>During the quarter, total income rose to Rs 8,412 crore from Rs 7,065 crore a year ago, Central Bank of India said in a regulatory filing.</p>.<p>Interest income during the September quarter grew to Rs 7,351 crore as against Rs 6,155 crore in the year-ago period.</p>.<p>Net Interest Income (NII) grew 10.23 per cent to Rs 3,028 crore in the second quarter of the current fiscal as against Rs 2,747 crore a year ago.</p>.<p>Gross non-performing assets (NPAs) reduced to 4.62 per cent of gross advances as of September 30.</p>.<p>Net NPAs were also brought down to 1.64 per cent as compared to 2.95 per cent in the same period previous fiscal.</p>.<p>As a result, provision and contingencies declined to Rs 967 crore as against Rs 1,125 crore in the same period a year ago.</p>.<p>Provision Coverage Ratio improved to 92.54 in the quarter from 89.20 in the corresponding period a year ago.</p>.<p> Net Interest Margin improved to 3.53 per cent as against 3.12 per cent last year, it said.</p>.<p> Capital adequacy ratio of the bank increased to 14.82 per cent as compared to 13.56 per cent.</p>.<p> The bank's total business grew by 11.51 per cent to Rs 6,02,284 crore vis-à-vis Rs 5,40,130 in the second quarter of previous fiscal. </p>