CENTRAL BANK OF INDIA = FIRST QUARTER (Q1 FY 2011) RESULTS = EXCELLENT PERFORMANCE = RIGHTS ISSUE

CENTRAL BANK OF INDIA

Q1 FY 2011RESULTS

COMPARISON

NON CONSOLIDATED FIGURES

Central Bank If India has declared excellent Results for Q1 FY2011.

Interest on Advances at Rs.2479 cr is higher by 11.5% - compared to previous Qtr of Q4 FY10 (Rs.2224 Cr) – by 20.2% compared to corresponding qtr of Q1 FY2010 (Rs.2062 Cr) – and by 14.7% compared proportionately ( q1 fy 2011 x 4) to FY2010 (Rs.8648 Cr).

Total Interest Earned is Rs.3411 Cr – up by 8.1% from previous qtr – up by 21.7% from corresponding qtr – and up proportionately by 13.1% from FY2010.

Total Income is Rs.3658 Cr – down by 1.8% from previous qtr – up by 14.5% from corresponding qtr – and up proportionately by 6% from FY2010.

Interest Expended is Rs.2292 cr – down by 8% from previous qtr – up by 3% from corresponding qtr -  and down proportionately by 3.7% from Fy2010.

Net Profit       is Rs.337 Cr – up by a huge 96.2% from previous qtr (Rs.172 Cr) -  up by 26.2% from corresponding qtr (Rs.267 Cr) – and up by 27.2% proportionately from FY2010.(Rs.1059 Cr).

Capital Adequacy Ratio is reasonable at 11.66.

Basic EPS is quite good at Rs.   7.72  - compared to Rs.3.65 in previous qtr -  and compared to Rs.6.06 in corresponding qtr – and compared to Rs.24.65 compared to FY2010.

% of Gross /Net NPA    is slightly higher at 0.77 compared to 0.69 in previous qtr  and 0.7 in corresponding qtr.

Return on Assets is 0.78 – compared to 0.45 in previous qtr  and 0.74 in corresponding qtr.

Public holding (%) is very low in this bank at a meager 19.8%. It is seen that the Bank has decided to issue right shares.

Overall – the performance of central bank is quite commendable and shows distinct improvement over previous qtr.

       

Results in figures :

CENTRAL BANK	Jun-10	Mar-10	dif%1	Jun-09	dif%2	FY10N/C	dif%3
Interest on Advan.	247892	222352	11.5	206200	20.2	864784	14.7
Income on Invest.	91528	90493	1.1	71679	27.7	330779	10.7
Income on RBIBalan.	1662	2060	-19.3	2369	-29.8	10265	-35.2
Others	-	596		-		603
Interest Earned	341082	315501	8.1	280248	21.7	1206431	13.1
Other Income	24715	56894	-56.6	39358	-37.2	173524	-43
Total Income	365797	372395	-1.8	319606	14.5	1379955	6
Interest Expended	229236	249135	-8	222530	3	951901	-3.7
Employees Cost	48147	43824	9.9	46893	2.7	154419	24.7
Other Optg Exp.	21663	20033	8.1	14090	53.7	67783	27.8
Operating Exp.	69810	63857	9.3	60983	14.5	222202	25.7
Operating Profit	66751	59403	12.4	36093	84.9	205852	29.7
Provisions	19579	29150	-32.8	-2618	-847.9	50898	53.9
P B T	47172	30253	55.9	38711	21.9	154954	21.8
Tax Expense	13491	13085	3.1	12031	12.1	49069	10
P A T	33681	17168	96.2	26680	26.2	105885	27.2
Net Profit	33681	17168	96.2	26680	26.2	105885	27.2
Face Value	10	10	0	10	0	10
Paid-up Equity	40414	40414	0	40414	0	40414
Reserves	-	396853		-		396853
Dividend (%)	-	10				20
Shares OF GOI	80.2	80.2	0	80.2	0	80.2
Capital Adeq.Ratio	11.66	10.83	7.7	11.87	-1.8	10.83
Basic EPS	7.72	3.65	111.5	6.06	27.4	24.65	25.3
% of Gr./Net NPA	0.77	0.69	11.6	0.7	10	0.69
Return on Assets	0.78	0.45	73.3	0.74	5.4	0.68
Public holding (%)	19.8	19.8	0	19.8	0	19.8

ANNOUNCEMENTS

TO THE EXCHANGE

29-07-2010        Central Bank Of India has informed the Exchange that the Board has approved the proposal to issue shares on rights basis, and a Committee of Directors has been constituted for the proposed Rights Issue. The issue price and proportion of offer shall be finalised in due course, in consultation with Managers to Issue.       -

29-07-2010        Central Bank of India has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Interest earned of Rs. 341082 lacs for the quarter ending on 30-JUN-2010 against Rs. 280248 lacs for the quarter ending on 30-JUN-2009. Interest expended of Rs. 229236 lacs for the quarter ending on 30-JUN-2010 against Rs. 222530 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 33681 lacs for the quarter ending on 30-JUN-2010 against Rs. 26680 lacs for the quarter ending on 30-JUN-2009.

03-05-2010        Central Bank of India has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 1206431 lacs for the year ending on 31-MAR-2010 against Rs. 1045519 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 951901 lacs for the year ending on 31-MAR-2010 against Rs. 822672 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 105885 lacs for the year ending on 31-MAR-2010 against Rs. 57124 lacs for the year ending on 31-MAR-2009.      -

03-05-2010        Central Bank of India has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 315501 lacs for the quarter ending on 31-MAR-2010 against Rs. 264728 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 249135 lacs for the quarter ending on 31-MAR-2010 against Rs. 221385 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 17168 lacs for the quarter ending on 31-MAR-2010 against Rs. 6251 lacs for the quarter ending on 31-MAR-2009.   -

05-04-2010        Central Bank Of India has informed the Exchange that "Government of India, the major shareholder of the Bank, has subscribed a sum of Rs.4,50,00,00,000/- (Rupees Four Hundred Fifty Crore only) in Capital of the Bank, on March 31, 2010. The Bank would allot Perpetual Non-Cumulative Preference Shares (PNCPS) at an Annual Floating Coupon to be bench-marked to Repo Rate with a spread of 100 basis points to be re-adjusted annually, based on the prevailing Repo Rate on the relevant date. The abovesaid PNCPS to be issued to the Government of India are not transferable and are not dealt with the Stock Exchanges and accordingly, shall not be traded and/or listed. The said issues are made as per the guidelines issued by Reserve Bank of India".

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