Central Bank Q4 net down 51%

Central Bank of India has its announced audited results for the quarter & year ended March 31, 2009.

The bank has posted a net profit of Rs 62.51 crore for the fourth quarter against Rs 127.20 crore, a dip of 51% on a YoY basis. The total income stood at RS 3,150.33 crore agansit Rs 2,598.92 crore, registering a growth of around 22% on YoY basis.

The net profit for the entire fiscal stood at Rs 571.24 crore against Rs 550.16 crore in the previous fiscal, an increase of around 4%. The total income stood at Rs 11,525.16 crore agnaist  Rs 8,786.61 crore registering a groth of 31% on a YoY basis.

The board of the bank has also recommended final dividend of 20% i.e. Rs 2 per equity share of the face value of Rs 10 for FY09.