Moneycontrol
Jul 29, 2013 08:01 AM IST | Source: PTI

Corporation Bank Q1 profit up marginally by 2% at Rs 378 cr

The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year.

Corporation Bank Q1 profit up marginally by 2% at Rs 378 cr

State-owned Corporation Bank today reported 2 percent rise in net profit at Rs 377.9 crore for the first quarter ended June, 2013.


The bank had earned net profit of Rs 370.2 crore in the April-June quarter of 2012-13, Corporation Bank informed BSE.


Also Read: HUL Q1 net beats street; shares slip on slower sales growth


The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year. As of June 30, 2013, the bank's gross non-performing assets (NPAs) rose to 2.37 percent of gross advances as against 1.71 percent in the same quarter of the previous fiscal.

It's net non-performing assets also rose to 1.65 percent from 1.20 percent. The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 12.10 percent.

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