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  4. Corporation Bank Q4 net up 1.2 per cent at Rs. 355 crore

Corporation Bank Q4 net up 1.2 per cent at Rs. 355 crore

New Delhi, May 8: Corporation Bank has reported a marginal increase of 1.2 per cent in its net profit at Rs. 355.53 crore for the fourth quarter ended March 31.The bank had reported net profit

PTI PTI Updated on: May 08, 2013 15:15 IST
corporation bank q4 net up 1.2 per cent at rs. 355 crore
corporation bank q4 net up 1.2 per cent at rs. 355 crore

New Delhi, May 8: Corporation Bank has reported a marginal increase of 1.2 per cent in its net profit at Rs. 355.53 crore for the fourth quarter ended March 31.




The bank had reported net profit of Rs. 351.26 crore during the year-ago period.

Total income of the bank in the fourth quarter of 2012-13 rose to Rs. 4,635.49 crore, up from Rs. 4,009.17 crore in the corresponding period a year ago, it said in a filing to the BSE.

However, for the entire fiscal 2012-13, the net profit of the bank fell to Rs. 1,443.24 crore from Rs. 1,518.38 crore a year earlier.

Total income of the bank during FY13 stood at Rs. 16,954.01 crore, up from Rs. 14,524.55 crore in the previous fiscal.

Bank's net non-performing assets (NPAs) or bad loans increased to 1.19 per cent in the quarter ended March, from 0.87 per cent in the year-ago period. Also, gross NPAs during the quarter increased to 1.72 per cent from 1.26 per cent a year earlier.

As on March 31, 2013, the deposits of the Mangalore-based bank were at Rs. 1.66 lakh crore, while advances stood at Rs. 1.18 lakh crore.

Scrips of the bank were trading at Rs. 396 apiece at noon on the BSE, up 5.03 per cent from the previous close.
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