Central Bank Q4 net dips 14.8%
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B. KARTHICK
Apr 25, 2008, 7:32:11 AM4/25/08
to Kences1
Central Bank of India has posted a 14.8 per cent drop in its fourth
quarter net profit due to sharp rise in interest costs and
establishment expenses.
The net profit for January-March 2008 dipped to Rs 127.20 crore from
Rs 149.13 crore a year ago. Its net interest income dipped by 25.22
per cent to Rs 538.28 crore from Rs 719.84 crore.
Consequently, its net interest margin nosedived to 2.19 per cent in Q4
from 3.61 per cent in the corresponding period a year ago.
The bank’s board has recommended a 20 per cent dividend for 2007-08,
same as was announced for 2006-07.
quarter net profit due to sharp rise in interest costs and
establishment expenses.
The net profit for January-March 2008 dipped to Rs 127.20 crore from
Rs 149.13 crore a year ago. Its net interest income dipped by 25.22
per cent to Rs 538.28 crore from Rs 719.84 crore.
Consequently, its net interest margin nosedived to 2.19 per cent in Q4
from 3.61 per cent in the corresponding period a year ago.
The bank’s board has recommended a 20 per cent dividend for 2007-08,
same as was announced for 2006-07.
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