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Corporation Bank reports 9% rise in Q2 net profit

15 Nov 2016 Evaluate

Corporation Bank has reported results for second quarter ended September 30, 2016. 

The Bank has reported 9.37% rise in its net profit at Rs 206.28 crore for the quarter under review as compared to Rs 188.60 crore for the same quarter in the previous year. Total income of the Bank increased by 5.81% at Rs 5750.62 crore for the quarter under review from Rs 5434.65 crore for the corresponding quarter previous year.  

The Bank’s gross NPA for the July- September quarter of the current fiscal increased to 10.81%, as compared to 5.32 % in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.91% in Q2FY17.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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