Central Bank Q4 net down 22% at Rs 133 cr

Public sector lender Central Bank of India today reported 22.43% decline in its net profit at Rs 132.7 crore for the fourth quarter ended March 31.

It had a net profit of Rs 171.06 crore in the year-ago period.

Total income of the bank rose to Rs 4,755.21 crore in the January-March quarter from Rs 3,723.95 crore in the same period last year, the lender said in a filing to Bombay Stock Exchange (BSE).

For the FY11, Central Bank's net profit rose by 18.35% to Rs 1,252.41 crore as compared to Rs 1,058.23 crore in the corresponding period of the previous year.

Total income of the bank improved to Rs 16,485.61 crore on an annual basis as against Rs 13,799.55 crore in the previous year, Central Bank said in a filing to the BSE.

Besides, the provision coverage ratio of the bank stood at 67.64% as on March 31, 2011.

The board of the bank recommended a final dividend of Rs 2.5 per share (25%) including an interim dividend of Re 1 per share (10%) declared earlier by the bank during FY11.

The bank's shares closed at Rs 129.90, up 1.8% on the BSE.