Corporation Bank reports 67% rise in Q1 net profit

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

12 Aug 2017 Evaluate

Corporation Bank has reported results for first quarter ended June 30, 2017.

The Bank has reported 67.46% rise in its net profit at Rs 60.15 crore for the quarter under review as compared to Rs 35.92 crore for the same quarter in the previous year. However, total income of the Bank decreased 2.44% at Rs 5113.00 crore for Q1FY18 as compared Rs 5241.12 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 15.49%, as compared to 11.01% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 11.14% in Q1FY18.

Peers

Company Name	CMP
State Bank Of India	964.90
PNB	113.90
Bank Of Baroda	230.85
Canara Bank	121.90
Union Bank Of India	174.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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