Corporation Bank surges on strong Q4 numbers
Net interest income (interest income minus interest expanded) grew 11.6% at Rs 931 crore against Rs 834 crore
The board of Corporation Bank recommended a dividend of Rs 19 per share for the year ended March 2013.
The bank's ratio of net non-performing assets to net advances stood at 1.19% as on 31 March 2013, against 1.63% as on 31 December 2012 and 0.87% as on 31 March 2012.
Shares of the bank were seen trading at Rs 394.50, higher by 4.63% on BSE at 2.40 pm IST. The stock touched an intra-day high of Rs 401.
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