Bad loan mounts: Five public sector banks such as Bank of Baroda, UCO Bank, Central Bank of India, Allahabad Bank and Dena Bank on Friday registered a combined net loss of over Rs 6,700 crore for the quarter ended March 2016
State-run Central Bank of India requires Rs 3,000 crore capital this year and plans to raise the same from the government and through the qualified institutional placement route.
Public sector lender Central Bank of India on Saturday reported a net profit of Rs 203 crore in the June quarter of FY16, up 5.7% year-on-year (y-o-y) owing to a dip in provisions.
Central Bank of India’s third-quarter profit more than doubled to R138 crore compared with the same period in the last fiscal, helped by a surge in non-interest income.
