Central Bank of India falls 8% on widening losses in Q4

Money Control | May 16, 2019 at 10:05 AM
  • 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.
  • 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.