Corporation Bank reports net loss of Rs 1838.40 crore in Q4

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

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.

Peers

Company Name	CMP
State Bank Of India	972.10
PNB	114.95
Bank Of Baroda	232.30
Canara Bank	122.90
Union Bank Of India	176.30
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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
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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