Corporation Bank has introduced two new term deposit products called Corp Super Gain and Corp Super Gain Plus with effect from December 4, 2012. The bank is offering this Corp Super Gain scheme for 222 days with an interest rate of 9%. Corp Super Gain Plus is offered for 444 days with an interest rate of 9.25%. For both the new schemes the minimum amount of deposit is Rs 10,000 and the maximum is Rs 5 crore.
The bank has reported marginal rise of 1.15% in its net profit at Rs 405.71 crore for second ended September 30, 2012 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.
