Earnings | Central Bank of India (NSE: CENTRALBK): Q4FY23 Results Out; Total Income rise 33% YoY

Central Bank of India is one of the oldest and largest commercial banks in India, with a rich history dating back to 1911. It is a government-owned bank headquartered in Mumbai, with a vast network of branches and ATMs spread across the country. The bank offers a wide range of banking and financial services, including personal and corporate banking, loans, insurance, and wealth management. It also has a strong focus on digital banking and has launched several innovative products and services to cater to the changing needs of customers. Overall, Central Bank of India is a trusted and reliable banking partner for millions of customers in India and is poised to play a significant role in the country’s economic growth and development.

• Central Bank of India reported Total Income for Q4 FY23 of ₹8,595 Crore up from ₹6,445 Crore year on year, a growth of 33%.
• Total Expenses for Q4 FY23 of ₹6,478 Crore up from ₹4,622 Crore year on year, a growth of 40%.
• Consolidated Net Profit of ₹575 Crore, up 81% from ₹317 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹0.68, up 74 % from ₹0.39 in the same quarter of the previous year.