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Corporation Bank reports net loss of Rs 1838.40 crore in Q4

28 May 2018 Evaluate

Corporation Bank has reported results for the fourth quarter and year ended March 31, 2018.

The Bank has reported a net loss of Rs 1838.40 crore for the quarter ended March 31, 2018 as compared to net profit of Rs 159.98 crore for the same quarter in the previous year. Total income of the Bank decreased by 18.99% at Rs 4642.45 crore for quarter under review as compared to Rs 5730.49 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the Bank has posted a net loss of Rs 4053.94 crore as compared wto net profit of Rs 561.21 crore for the previous year. Total income of Bank decreased by 11.61% at Rs 19941.41 crore for year under review as compared to Rs 22561.78 crore for the year ended March 31, 2017.


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