Corporation Bank, a Mangalore-based lender has introduced new branch at Akshaynagar, an upcoming residential area having a lot of housing complexes in Bangalore recently. It aims to reach out to prospective customers through this new branch. The branch was formally inaugurated by S.N. Jayaram, commissioner of Karnataka Housing Board.
The bank has registered a rise of 5.35% in its net profit at Rs 370.26 crore for first quarter ended June 30, 2012 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.
