NEW ED FOR CENTRAL BANK OF INDIA

The  New Central Bank Executive Director  Raj Kumar Goel was previously Bank of India General Manager -HRD for full News click here

Central Bank earned Profit

Congrats!..... 35%increasein net profit in the July-September quarter at Rs 330 crore against Rs 244 crore in the y-o-y

Bank earned 330 Cr net profit in this quarter against Total Business of 3,57,139 Cr. (Deposits 2,03,538 Cr. and Advances 1,53,601 Cr.) Gross NPA 8,507 Cr. Net Interest Margin 2.66 and Per Employee Business 9.66 Cr.

Lower tax expense at Rs 59 crore during the reporting period against Rs 122 crore in the year-ago period helped boost the profitability.

Total income increased 8.5 per cent to Rs 5,681 crore (Rs 5,234 crore) and total expenses were up 9.6 per cent to Rs 4,864 crore (Rs 4,437 crore).

NEW ED MR. MOLOY MUKKHERJEE -REPORTED

New ED Mr. Moloy Mukherjee from Indian Bank reported today at Zonal Office Kolkatta @5.30PM

Central Bank focuses on Housing Loan Segment - Tanksale

For full details see Business News section

::::“Home loan is one segment which offers a lot of opportunity to expand our loan book. These loans currently account for 4.5 per cent of our total loan book. We hope to increase the share of home loans to 7-8 per cent of total loans by March-end 2013,” -Tanksale source Business line -oct 27.::::