Central Bank net up 102 per cent
20 May 2004
Central Bank of India has posted a 102 per cent rise in
net profit for the financial year ended March 31,2004,
at Rs 618.11 crore as against a net profit of Rs 305.52
crore in the corresponding period, the previous year.
profit grew to Rs 1,528.93 crore (Rs 923.85 crore).
Total deposits were at Rs 55909 crore (Rs 51,165).
Advances were at Rs 24,632 (Rs 23,941 crore).
bank expects its business to grow to around Rs. 90,000
crores during the current year
and plans to open its Off Shore Banking unit in Mumbai
and New Delhi. Tie-ups for non-life insurance business
were also on the cards, a bank release said.
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