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Business News/ Companies / Company-results/  Corporation Bank Q3 Net profit dips 25% to 303 cr
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Corporation Bank Q3 Net profit dips 25% to ₹303 cr

The bank registers a net profit of ₹402.21 crore in the October-December quarter of last fiscal

A file photo of Corporation Bank, New Delhi. Photo: Pradeep Gaur/Mint (Pradeep Gaur/Mint)Premium
A file photo of Corporation Bank, New Delhi. Photo: Pradeep Gaur/Mint
(Pradeep Gaur/Mint)

New Delhi: Public sector Corporation bank on Friday reported a 24.62% decline in its net profit at 303.17 crore for the third quarter ended December 2012.

The bank had a net profit of 402.21 crore in the October-December quarter of last fiscal.

Total income of the bank increased to 4,257.84 crore during the three month period of the current fiscal, from 3,776.30 crore in the corresponding period a year ago, Corporation Bank said in a filing to the BSE.

Interest income of the bank rose 15% to 3,870.38 crore during the third quarter, from 3,362.84 crore in the year-ago period.

The net Non-Performing Assets (NPAs) of the bank increased to 1.63% of the loans at the end of December, from 0.98% in the corresponding period a year ago.

Shares of Corporation Bank were trading at 438.40, down 3.90% from its previous close on the BSE.

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Published: 01 Feb 2013, 06:07 PM IST
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