Central Bank slides as net NPA ratio increases sequentially in Q4

Central Bank of India fell 1.7% at Rs 109.80 at 14:43 IST on BSE as the bank's ratio of net non-performing assets to net advances increased to 3.61% as on 31 March 2015, from 3.58% as on 31 December 2014.

The Q4 result was announced during market hours today, 12 May 2015.

Meanwhile, the S&P BSE Sensex was down 574.22 points or 2.09% at 26,933.08.

On BSE, so far 2.90 lakh shares were traded in the counter as against average daily volume of 6.73 lakh shares in the past one quarter.

The stock was volatile. The stock fell as much as 7.78% at the day's low of Rs 103 so far during the day. The stock rose as much as 2.77% at the day's high of Rs 114.80 so far during the day. The stock had hit a 52-week high of Rs 121 on 24 February 2015. The stock had hit a 52-week low of Rs 52.20 on 9 May 2014.

The stock had outperformed the market over the past one month till 11 May 2015, advancing 4.59% compared with Sensex's 4.75% fall. The scrip had also outperformed the market in past one quarter, surging 6.53% as against Sensex's 3.6% fall.

The large-cap bank has equity capital of Rs 1658.27 crore. Face value per share is Rs 10.

Central Bank of India's ratio of net non-performing assets (NPAs) to net advances increased to 3.61% as on 31 March 2015 as against 3.58% as on 31 December 2014 and 3.75% as on 31 March 2014. The ratio of gross NPAs to gross advances stood at 6.09% as on 31 March 2015 as against 6.2% as on 31 December 2014 and 6.27% as on 31 March 2014.

The bank's net profit rose 7.29% to Rs 174.29 crore on 5.16% growth in total income to Rs 7321.50 crore in Q4 March 2015 over Q4 March 2014.

The bank's provisions and contingencies rose 13.79% to Rs 617.17 crore in Q4 March 2015 over Q4 March 2014. Provisioning coverage ratio was at 55.16% as on 31 March 2015.

Capital Adequacy Ratio (CAR) as per Basel III stood at 10.9% as on 31 March 2015 as against 10.2% as on 31 December 2014 and 9.87% as on 31 March 2014.

The Government of India (GoI) held 81.46% in Central Bank of India (as per the shareholding pattern as on 31 March 2015).

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