Corporation Bank, public sector lender has inked pact with consulting major McKinsey, in order to restore its business process re-engineering. With this initiative, bank also aims organizational transformation, to build digitally-enabled, customer centric operating model which will help the bank to embark on an accelerated growth path.
The bank has reported 24.62% fall in its net profit at Rs 303.17 crore for third quarter ended December 31, 2012 as compared to Rs 402.21 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.75% at Rs 4257.84 crore for quarter under review as compared to Rs 3776.30 crore for the quarter ended December 31, 2011.
