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.