ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Central Bank's net loss down to Rs 1,121 crore in FY20

Mumbai (Maharashtra) [India], June 29 (ANI): Government-owned Central Bank of India said on Monday its net loss for FY20 reduced to Rs 1,121 crore from Rs 5,641 crore in FY19.

ANI Jun 29, 2020 17:35 IST googleads

The public sector lender has a network of 4,651 branches and 3,642 ATMs

Mumbai (Maharashtra) [India], June 29 (ANI): Government-owned Central Bank of India said on Monday its net loss for FY20 reduced to Rs 1,121 crore from Rs 5,641 crore in FY19.
But the operating profit improved to Rs 4,344 crore as compared to Rs 3,127 crore, registering a growth of 39 per cent.
Total income for FY20 increased to Rs 27,200 crore as compared to Rs 25,052 crore in FY19, marking a growth of 8.57 per cent.
The gross non-performing assets (NPAs) reduced to 18.9 per cent from 19.99 per cent as in Q3 FY20. On the other hand, net NPAs reduced to 7.6 per cent from 9.2 per cent in Q3 FY20.
Business per employee increased to Rs 14.41 crore as against Rs 12.99 crore in FY'19, the bank said in a statement.
In Q4 FY20, retail loans totalled Rs 46,106 crore as compared to Rs 41,042 crore year-on-year while total business increased to Rs 4.86 lakh crore from Rs 4.67 lakh crore.
In September last year, the bank got capital funds of Rs 3,353 crore from the government after which the state's stake in the bank increased to 92.39 per cent. (ANI)

Get the App

What to Read Next

Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.