Corporation Bank has launched ‘Agriculture Lending Chaturmas’ campaign for a period of four months from September 2 to December 31. The main objective of this initiative is to increase lending under direct agriculture portfolio along with canvassing of new saving bank accounts and settlement of small non-performing assets (NPA) to facilitate faster recovery of small loans under the Corp Riyayati Scheme II.
The bank has reported a rise of 2.09% in its net profit at Rs 377.98 crore for the first quarter ended June 30, 2013, as compared to Rs 370.26 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 21.98% to Rs 4852.69 crore for the quarter under review as compared to Rs 3978.24 crore for the quarter ended June 30, 2012.
