Corporation Bank reports net profit of Rs 160 crore in Q4FY17 - Corporation Bank

Corporation Bank has reported results for fourth quarter and year ended March 31, 2017.

The Bank has reported a net profit of Rs 159.98 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 510.97 crore for the same quarter in the previous year. Total income of the Bank increased by 9.81% at Rs 5730.49 crore for quarter under review as compared to Rs 5218.62 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted a net profit of Rs 561.21 crore as compared to a net loss of Rs 506.48 crore in FY16. Total income of the Bank increased by 6.69% at Rs 22561.78 crore for year under review as compared to Rs 21146.40 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the Bank has posted a net profit of Rs 565.81 crore as compared to a net loss of Rs 502 crore in FY16. Total income of the Bank increased by 6.69% at Rs 22569.23 crore for year under review as compared to Rs 21154.22 crore for the year ended March 31, 2016.

Company Name	CMP
State Bank Of India	965.85
PNB	113.90
Bank Of Baroda	231.15
Canara Bank	121.85
Union Bank Of India	174.35
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Company Name

CMP

State Bank Of India

965.85

PNB

113.90

231.15

121.85

174.35

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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