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Corporation Bank reports 1.72% rise in Q4 net profit

04 May 2012 Evaluate

Corporation Bank has reported results for fourth quarter ended March 31, 2012.

The bank has posted a rise of 1.72% in its net profit at Rs 351.26 crore for the quarter ended March 31, 2012 as compared to Rs 345.33 crore for the same quarter in the previous year.   Total income has increased by 32.35% at Rs 4009.17 crore for quarter under review as compared Rs 3029.21 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, the bank has posted a rise of 6.56% in its net profit at Rs 1506.04 crore for the year ended March 31, 2012 as compared to Rs 1413.26 crore for the same period in the previous year.  Total income has increased by 39.64% at Rs 14510.40 crore for year under review as compared to Rs 10391.12 crore for the period ended March 31, 2011.

On the consolidated basis, the bank has posted a rise of 6.92% in its net profit at Rs 1518.38 crore for the year ended March 31, 2012 as compared to Rs 1420.11 crore for the same period in the previous year. Total income has increased by 39.65% at Rs 14524.55 crore for year under review as compared to Rs 10400.58 crore for the period ended March 31, 2011.

Peers
Company Name CMP
State Bank Of India 966.50
PNB 114.00
Bank Of Baroda 230.70
Canara Bank 121.75
Union Bank Of India 174.30
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