Total income also fell to Rs 61.97 billion in the quarter, from Rs 68.96 billion a year ago
Income of the Central Bank of India fell to Rs 59.04 billion in first quarter of 2018-19 from Rs 68.70 billion in the same period of 2017-18 as core income dropped
The proposal was approved by shareholders at the bank's annual general meeting held on June 30
Central Bank of India had a net non-performing loans ratio of 10.2 per cent, as of end-March
However, the bank's stocks fell by 4%, closed at Rs 109.20 on BSE
Stock of Central Bank closed 0.48% up at Rs 83.45 on BSE
Allahabad Bank, Union Bank report decline in net profit due to increase in provision for bad loans
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They are demanding stringent action against wilful loan defaulters by booking criminal cases against them
Total income of the bank declined to Rs 6,662.6 crore as against Rs 7,098.99 crore in the same period last year
A combined 7 lakh shares changed hands on the counter on the BSE and NSE so far