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35% rise in net profit for Central Bank of India

Central Bank of India is doing quite well on this fiscal with a 35 per cent increase in net profit in the July-September quarter. The profit was worth Rs 330 crore which is higher compared to its value in the same quarter a year ago which only amounted to Rs 224 crore.

Among the reasons for this profit is the lower tax expense of the bank which is at Rs 59 crore during the reporting compared to what it was in the past year that reached Rs 122 crore. When it comes to the success of a company like this, most of the credits would go to the people who manage the bank.

Surely, they have done a lot of things in order to improve profitability while dealing with the current economic problem that most countries are experiencing right now. Central Bank of India is definitely among those lucky banks that are run by reliable and effective leaders.

Central Bank of India Logo

Central Bank of India Logo

 

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