Corporation Bank’s Q2 net rises marginally

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

09 Nov 2012 Evaluate

Corporation Bank has reported results for second ended September 30, 2012.

The bank has reported marginal rise of 1.15% in its net profit at Rs 405.71 crore for the quarter as compared to Rs 401.11 crore for the same quarter in the previous year. Total income of the bank has increased by 16.96% at Rs 4070.45 crore for quarter under review as compared to Rs 3480.12 crore for the quarter ended September 30, 2011.

Gross non-performing assets (NPAs) too rose to 1.97% in the quarter under review as against 1.32% in the same quarter previous year while net NPAs rose to 1.38% from 0.91%

Peers

Company Name	CMP
State Bank Of India	965.10
PNB	113.50
Bank Of Baroda	229.65
Canara Bank	121.75
Union Bank Of India	173.35
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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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