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
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.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!