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Corporation Bank Q3 net up 35%

Corporation Bank Q3 net up 35%
PTI
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First Published: Tue, Jan 27 2009. 05 46 PM IST
Updated: Tue, Jan 27 2009. 05 46 PM IST
Mumbai: Corporation Bank today said its standalone net profit for the third quarter ended 31 December, rose by 34.57% to Rs256.47 crore.
The company had a net profit of Rs190.90 crore in the same quarter FY 2008, Corporation Bank said in a filing to the Bombay Stock Exchange.
Total income of the bank rose to Rs1,905.51 crore for the quarter under review, against Rs1,265.82 crore for the same quarter last year.
During the quarter the bank has raised Rs500 crore Tier II capital, the filing added.
For the nine-month ended 31 December, the company has posted a net profit of Rs632.27 crore, up 19.43% against Rs529.39 crore in the same period a year ago.
Shares of Corporation Bank settled at Rs177.65, up 2.16% on the BSE.
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First Published: Tue, Jan 27 2009. 05 46 PM IST