Central Bank of India net rises 21% at Rs 379.3 cr

Public sector lender Central Bank of India on Tuesday posted a net profit of Rs 379.3 crore for the quarter ended September, a rise of 21 per cent. Also, it declared 10 per cent interim dividend.

It had a net profit of Rs 313.9 crore in the same quarter last financial year, Central Bank of India said in a filing to the Bombay Stock Exchange.

Total income increased 14.9 per cent to Rs 3,889.8 crore, as against Rs 3,384.1 crore in the year-ago period. The bank, which is planning to come out with a rights issue, also announced an interim dividend of 10 per cent. The shareholder would get Rs 1 as dividend for every share of face value Rs 10. The bank earned an interest of Rs 3,644.3 crore during the quarter, as against Rs 2,975.5 crore in the year-ago period.

Dena Bank net up 29%
Public sector lender Dena Bank on Tuesday posted a net profit of Rs 160.6 crore for the quarter ended September, an increase of 29 per cent. It had a net profit of Rs 124.6 crore in the year-ago period, Dena Bank said in a filing to the Bombay Stock Exchange.

Total income increased 23 per cent to Rs 1,340.3 crore, as against Rs 1,088.1 crore in the year-ago period. The bank earned an interest of Rs 1,221.4 crore, as against Rs 962.7 crore in the year-ago period.

During the first six months, it clocked a 25 per cent jump in net profit to Rs 299.4 crore, as against Rs 239.6 crore in the year-ago period.

SBI Life H1 net up 87%
SBI Life, the second largest life insurer in the country, posted a net profit of Rs 217 crore during the first half of the financial year, thus registering a growth of 87 per cent. The total premium increased by 42 per cent to Rs 4,830 crore during the period.