Centurion Bank unwraps 60% rise in net profits - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Centurion Bank unwraps 60% rise in net profits

Apr 26, 2000

Centurion Bank has reported a growth of 60.2% in its net profits to Rs 343 million for the FY 99-00 on a interest income of Rs 4,428 million over the corresponding previous period. The main source of growth have been revenue from treasury operations, capital markets and retail banking. However the operating profit of the bank has witnessed a negative growth of 18.5% due to more than proportionate increase in the interest expenditure.

The net Non Performing Assets (NPAs) have fallen from 3.7% in FY 98-99 to 2.69% in FY 99-2000. The capital adequacy ratio of the bank 9.3% is more or less similar to the ratio stipulated by RBI.

The deposits of the bank witnessed a growth of 80% to Rs 38,670 million and the advances of the bank grew by 30% to Rs 26,430 million.

The bank is exploiting select oppportunities in the information technology as well as in B2B and B2C areas. In the current year the bank is planning to introduce number of new products including debit cards and e-banking initiatives.

(Rs m) FY1999 FY2000 Change
Interest Income 3,947 4,428 12.2%
Other Income 445 888 99.7%
Interest Expenses 2,961 3,625 22.4%
Operating Profit (EBDIT) 986 803 -18.5%
Operating Profit Margin (%) 25.0% 18.1%  
Other Expenses 490 614 25.3%
Depreciation 627 426 -32.0%
Profit before Tax 313 651 107.7%
Provision & Tax 99 307 210.7%
Profit after Tax/(Loss) 214 343 60.2%
Net profit margin (%) 5.4% 7.8%  


Equitymaster requests your view! Post a comment on "Centurion Bank unwraps 60% rise in net profits". Click here!

  

More Views on News

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

I Recommended this Stock over Page Industries because it's Relevant to Doubling Your Income (Profit Hunter)

Sep 7, 2020

Things are not often what they seem in the market and how you can take advantage of this.

The NASDAQ Whale Could Harm Your Portfolio (Fast Profits Daily)

Sep 7, 2020

The discovery of Softbank pushing up prices on the NASDAQ will cause volatility in the market. Stay alert!

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TRACK CENT. BANK OF PUNJAB

  • Track your investment in CENT. BANK OF PUNJAB with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MARKET STATS