Corporation Bank Q1 profit up marginally by 2% at Rs 378 cr

Written By Unknown on Minggu, 28 Juli 2013 | 23.55

Jul 27, 2013, 03.56 PM IST

The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year.

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Corporation Bank Q1 profit up marginally by 2% at Rs 378 cr

The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year.

Like this story, share it with millions of investors on M3

Corporation Bank Q1 profit up marginally by 2% at Rs 378 cr

The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year.

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State-owned Corporation Bank today reported 2 percent rise in net profit at Rs 377.9 crore for the first quarter ended June, 2013.

The bank had earned net profit of Rs 370.2 crore in the April-June quarter of 2012-13, Corporation Bank informed BSE.

Also Read: HUL Q1 net beats street; shares slip on slower sales growth

The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year. As of June 30, 2013, the bank's gross non-performing assets (NPAs) rose to 2.37 percent of gross advances as against 1.71 percent in the same quarter of the previous fiscal.

It's net non-performing assets also rose to 1.65 percent from 1.20 percent. The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 12.10 percent.


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