Corporation Bank reports 39% fall in Q1 net profit

Corporation Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532179 | NSE: CORPBANK

08 Aug 2014 Evaluate

Corporation Bank has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter declined by 38.76% at Rs 231.46 crore as compared to Rs 377.98 crore for the quarter ended June 30, 2013. However, the bank’s total income has increased by 7.46% to Rs 5215.02 crore for the quarter under review from Rs 4852.68 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 3.96%, as compared to 2.37% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.71% in Q1FY15

Peers

Company Name	CMP
State Bank Of India	961.90
PNB	112.50
Bank Of Baroda	227.90
Canara Bank	120.90
Union Bank Of India	171.80
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.