Corporation Bank reports 82% fall in Q1 net profit

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

11 Aug 2016 Evaluate

Corporation Bank has reported results for first quarter ended June 30, 2016.

The bank has reported 82.42% fall in its net profit at Rs 35.92 crore for the quarter ended June 30, 2016 as compared to Rs 204.26 crore for the same quarter in the previous year. Total income of the bank however decreased by 1.75% to Rs 5241.12 crore for the quarter under review from Rs 5334.60 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 11.01%, as compared to 5.43% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 7.22% in Q1FY17.

Peers

Company Name	CMP
State Bank Of India	965.35
PNB	113.50
Bank Of Baroda	229.65
Canara Bank	121.75
Union Bank Of India	174.15
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