Corporation Bank reports marginal increase in Q1 net profit

Corporation Bank has reported results for its first quarter ended June 30, 2011.

The bank’s net profit for the quarter has rose marginally by 5.29% at Rs 351.45 crore as compared to Rs 333.78 crore for the same quarter last year. Its total income surged by 42.47% to Rs 3268.01 crore for the quarter under review from Rs 2293.86 crore for the corresponding quarter of the previous year.