Corporation Bank reports 16% rise in Q3 net profit

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

09 Feb 2015 Evaluate

Corporation Bank has reported results for third quarter ended December 31, 2014.

The bank has registered a rise of 16.20% in its net profit at Rs 147.21 crore for the quarter under review as compared to Rs 126.69 crore for the same quarter in the previous year. Total income of the bank has increased by 5.30% at Rs 5209.54 crore for Q3FY15 as compared Rs 4947.34 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 4.88% in the October- December quarter as against 3.08% in the same quarter previous year, while net NPAs stood at 3.27%.

Peers

Company Name	CMP
State Bank Of India	978.50
PNB	117.05
Bank Of Baroda	234.55
Canara Bank	125.90
Union Bank Of India	179.25
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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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