Corporation Bank has inaugurated its 16th Small and Medium Enterprises (SME) loan centre in Jaipur. In order to cater to the SME segment in a big way, the bank has launched exclusive SME loan centres in various cities across the country.
The bank has got other SME centres which are located at Delhi, Hyderabad, Bangalore, Chennai, Coimbatore, Pune, Mumbai, Vadodara, Kolkata, Mangalore, Ludhiana, Chandigarh, Ahmedabad, Kochi and Tiruchi.
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.
