Corporation Bank reports 96% fall in Q2 net profit

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

12 Nov 2013 Evaluate

Corporation Bank has reported results for second quarter ended September 30, 2013.

The bank has reported a fall of 96.18% in its net profit at Rs 15.47 crore for the quarter ended September 30, 2013 as compared to Rs 405.71 crore for the same quarter in the previous year. However, total income of the bank increased by 17.27% at Rs 4773.64 crore for quarter under review as compared to Rs 4070.44 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 3.17% in the July-September quarter as against 1.97% in the same quarter previous year, however net NPAs has increased to 2.20%.

Peers

Company Name	CMP
State Bank Of India	959.10
PNB	113.40
Bank Of Baroda	228.60
Canara Bank	121.00
Union Bank Of India	172.75
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