Corporation Bank reports over ten-fold jump in Q3 net profit

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

07 Nov 2014 Evaluate

Corporation Bank has reported results for third quarter ended September 30, 2014.

The company has registered over a ten-fold jump in its net profit after taxes at Rs 160.5 crore for the quarter under review as compared to Rs 15.47 crore for the same quarter in the previous year. Total income of the company has increased by 9.54% at Rs 5229.05 crore for the quarter as compared Rs 4773.64 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) of the bank increased to 4.45% in the July-September quarter as against 3.17% in the same quarter previous year, while net NPAs stood to 2.92%.

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
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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