WAYS2CAPITAL STOCK TIPS : Central Bank Of India Falls 8% On Widening Losses In Q4

Share price of Central Bank of India touched 52-week low of Rs 25.35, falling more than 8 percent intraday Thursday after company’s net losses increased in the quarter ended March 2019.

The company’s Q4FY19 net loss was at Rs 2,477.4 crore against Rs 2,113.5 crore in the same quarter last fiscal.

Net interest income (NII) of the company was up 6.8% at Rs 1,602 crore against Rs 1,499.9 crore.

Its gross NPA was down at 19.29 percent, while net NPA was down at 7.73 percent, QoQ.

In the absolute term, gross NPA was down at Rs 32,356 crore, while net NPA was down at Rs 11,333.2 crore, QoQ.

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