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Corporation Bank reports 27% rise in Q2 consolidated net profit

06 Nov 2019 Evaluate

Corporation Bank has reported results for second quarter ended September 30, 2019.

The bank has reported 25.97% rise in its net profit at Rs 129.76 crore for the quarter under review as compared to Rs 103.01 crore for the same quarter in the previous year. Total income of the bank increased by 11.77% at Rs 4,712.98 crore for Q2FY20 as compared Rs 4,216.80 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 26.50% in its net profit at Rs 131.18 crore for the quarter under review as compared to Rs 103.70 crore for the same quarter in the previous year. Total income of the bank increased by 11.78% at Rs 4,714.98 crore for Q2FY20 as compared Rs 4,218.10 crore for the corresponding quarter previous year.


Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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