CBI Reports 84% YoY Profit Growth in Q4 FY23 Amid Asset Quality Improvement

Central_Bank_of_India_CC

The public sector lender improved asset quality performance with an 84% year-on-year growth in standalone profit to Rs 571 crore in the Jan-March period of FY 23, although provisioning continued to rise High interest rates, non-interest bearing funds and before . provision operating profit strong annual It happened. Net income rose 45.4% y-o-y to Rs 3,513 crore, with advances up 20.7% y-o-y and deposit growth 5% The Board has received approval to raise capital to Rs 2,500 crore in FY24.