scorecardresearchCentral Bank of India up 3% on talks of RBI PCA framework exit

Central Bank of India up 3% on talks of RBI PCA framework exit

Updated: 22 Aug 2022, 11:18 AM IST
TL;DR.
The Central Bank of India posted a 14.20 per cent year-on-year surge in net profit at 234.8 crore for the first quarter of the financial year. However, when compared to the previous quarter, profit was down by 24.3 percent from 310.31 crore in the March 2022 quarter.
The Central Bank of India was put under the PCA framework in June 2017 for a negative return on assets and a higher ratio of bad loans.

The Central Bank of India was put under the PCA framework in June 2017 for a negative return on assets and a higher ratio of bad loans.