Corporation Bank Q1 2014 net profits rise to Rs 378 crores

Posted By:
Subscribe to GoodReturns

Corporation Bank has reported better then expected results for Q1 2014 with a net profit of Rs 377.98 crores for the quarter ended June 30, 2013 as compared to Rs. 370.25 crores for the quarter ended June 30, 2012.

Total Income of the bank has increased from Rs 3978.23 crores for the quarter ended June 30, 2012 to Rs 4852.68 crores for the quarter ended June 30, 2013.

The asset quality like most other banks has deteriorated with the gross NPA coming in at 2.37 per cent, as against 1.72 in the previous quarter. Net NPAs have also risen to 1.63 per cent from 1.19 per cent.

The shares had closed 303 on the National Stock Exchange.

GoodReturns.in

Read more about: corporation bank
Story first published: Saturday, July 27, 2013, 14:16 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?