Mumbai, (Ajay Rawal) : Central Bank of India  today posted 20 per cent rise in net profit at Rs 335.95 crore for the first quarter of 2012-13.The bank had net profit of Rs 280.78 crore during the April-June quarter of 2011-12.

Its total income has increased from Rs 3,657.97 crore for the quarter ended June 30, 2010 to Rs 4,840.14 crore for the quarter ended June 30, 2011.

Shri M.V. Tanksale, Chairman & Managing Director, Central Bank of India told mediapersons here today, ” Total Business of the Bank increased to Rs. 351221 crore as at June 2012 compared to Rs.311929 crore as at June 2011, registering y-o-y growth of 12.60%.  Total Deposits reached to Rs. 196977 crore in June 2012 from Rs. 185885 crore as at June, 2011 showing a y-o-y growth of 5.97 %. CASA percentage improved to 32.89% in June 2012 as against 32.58 % in June 2011. Gross Advances of the Bank grew by Rs. 28200 crore i.e. to Rs. 154244 crore in June 2012 from Rs. 126044 crore in June 2011, registering a Y-o-Y growth of 22.37 %. Agriculture Advances increased by 20.67% to Rs. 19782 crore in June, 2012 from 16394 crore in June, 2011. MSME Advances registered y-o-y growth of 19.02% to Rs. 15735 crore in June, 2012 from Rs.13221 crore of corresponding quarter. Retail Loans showed substantial growth of 35.84% on y-o-y basis to Rs. 17460 crore from Rs. 12986 crore. Housing Loan portfolio of the Bank stands at Rs. 6167 crore consisting of 35% of the total Retail Portfolio.The Total Income has registered a growth of 16.22%, from Rs. 4840 crore to Rs. 5625 crore on y-o-y basis. Total Interest Income registered a growth of 16.34% from Rs. 4558 crore to Rs. 5303 crore on y-o-y     basis. Net Interest Income of the Bank registered a growth of 3.61% from Rs. 1330 crore to 1378 crore on y-o-y basis.

He further stated that, ” Non Interest Income of the Bank registered a growth of 14.18% from Rs. 282 crore 322 crore on y-o-y basis. Operating Profit of the Bank stood at Rs. 793 crore as on June 30, 2012 as compared to 792 crore as on June 30, 2011 on y-o-y basis. Bank recorded Net Profit of Rs. 336 crore as on June 30, 2012 as compared to Rs. 281 crore as on June 30, 2011, registering y-o-y growth of 19.57%. Gross NPA to Gross Advances increased from 4.87 % to 2.29 % on y-o-y basis. Net NPA to Net Advances increased from 0.87 % to 3.22 % on y-o-y basis. Average Business per Employee increased to Rs. 947 lakh in June 2012 from Rs. 882 lakh in June 2011. Net Profit per Employee increased to Rs. 3.76 lakh in June 2012 as against Rs. 3.37 lakh in June 2011.”