Corporation Bank has reported results for third quarter ended December 31, 2013.
The bank has reported 58.21% fall in its net profit at Rs 126.69 crore for the quarter as compared to Rs 303.17 crore for the same quarter in the previous year. However, total income of the bank has increased by 16.19% at Rs 4947.34 crore for quarter under review as compared to Rs 4257.84 crore for the quarter ended December 31, 2012.
The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 3.08%, as compared to 2.18% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.15% as compared to 1.63% in the same quarter of the previous year.
