Corporation Bank reports 5% jump in Q1 net profit

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

30 Jul 2012 Evaluate

Corporation Bank has reported results for first quarter ended June 30, 2012.

The bank has registered a rise of 5.35% in its net profit at Rs 370.26 crore for the quarter under review as compared to Rs 351.45 crore for the same quarter in the previous year. Total income of the bank has increased by 22.60% at Rs 3978.24 crore for Q1FY13 as compared Rs 3244.79 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) declined marginally to 2.38% in the April-June quarter as against 2.39% in the same quarter previous year while net NPAs stood unchanged at 0.93%.

Peers

Company Name	CMP
State Bank Of India	964.70
PNB	113.40
Bank Of Baroda	229.65
Canara Bank	121.55
Union Bank Of India	174.15
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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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