Central Bank of India on Monday reported its financial results. The state-owned bank has done fairly well both on the quarterly as well as the yearly side.

For the year ending March 31, 2010, the bank reported a net profit of Rs. 1, 058.85 crore. This is higher than the Rs. 571.24 crore that it reported on the previous year. On the other front, its total income increased from Rs. 11, 525.16 crore last year to touch Rs. 13, 799.55 crore, during the reported period.

For the fourth quarter ending March 31, 2010 it saw its net profit rise to Rs. 171.68 crore as against Rs. 62.51 crore for the year ago period. The bank's total income increased from Rs. 3, 150.33 crore for the fourth quarter of last fiscal to Rs. 3,723.95 crore, during the current period.

Also, after declaring the results, the board of directors of the bank declared dividend. The final rate proposed by the board to the shareholders was that of Re. 1 for every share for the FY 2010.

Post the declaration of such good results and also after declaring a dividend, the share price of the bank rose by 1.40 per cent. They closed at Rs. 158.90 on the BSE.