The PSU bank's net profit increased 64.16% to Rs 458 crore on 17.04% rise in total income to Rs 7,636 crore in Q3 FY23 over Q3 FY22.
Net interest income (NII) grew by 19.33% YoY to Rs 3,285 crore in Q3 FY23. While net interest margin (NIM) improved by 31 bps to 4.07% YoY in Q3 FY23.Operating profit increased 44.21% to Rs 1,807 crore in Q3 FY23 as against Rs 1,253 crore in corresponding quarter last year. Slippage ratio increased by 51 bps to 0.37% YoY in Q3 FY23.
Total deposits rose 2.12% to Rs 3,44,847 crore in Q3 FY23 as compared to Rs 3,37,688 crore in Q3 FY22. Gross Advances increased by 14.73% to Rs 2,08,921 crore in Q3 FY23 as compared to Rs 1,82,098 crore in Q3 FY22.
The bank's CASA deposits increased by 4.46% to Rs 1,76,081 crore in Q3 FY23 as against Rs 1,68,557 crore in Q3 FY22. While CASA ratio improved by 121 bps to 51.22% in Q3 FY23 as compared to 50.01% in same quarter last year.
Return on assets (ROA) rose to 0.50% in Q3 FY23 as compared to 0.33% in Q3 FY22. Return on equity improved to 1.86% in Q3 FY23 as against 1.21% in Q3 FY22.
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Bank's gross non-performing assets (NPAs) improved by 631 bps to 8.85% YoY in Q3 FY23. Net NPA rose by 230 bps to 2.09% YoY in Q3 FY23.
Provision coverage ratio (PCR) improved by 595 bps to 91.72%YoY in Q3 FY23.
Total BASEL III capital adequacy ratio improved to 13.76%, as compared to 13.56% on September 2022, with common equity Tier 1 ratio of 11.92% on Q3FY23.
Central Bank of India is engaged in providing banking and financial services with wide range of products and services to individuals, commercial enterprises, large corporates, public bodies and institutional customers.
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