Corporation Bank PAT likely to rise 5% in Q3

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Corporation Bank PAT likely to rise 5% in Q3

State-owned Corporation Bank is likely to report a profit after tax of Rs 403 crore in the October-December quarter of FY12, a growth of 5% as compared to Rs 382.4 crore in the corresponding quarter of last fiscal.

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State-owned Corporation Bank is likely to report a profit after tax of Rs 403 crore in the October-December quarter of FY12, a growth of 5% as compared to Rs 382.4 crore in the corresponding quarter of last fiscal.

Net interest income is seen going down 3% to Rs 816 crore from Rs 842 crore year-on-year.

Expectations

- NIMs to decline marginally

- Advances growth at 17%

- Asset quality to be stable

- Has about Rs 300 crore exposure to Kingfisher