Corporation Bank Q2 PAT seen down 5.5% to Rs 332 cr

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Corporation Bank Q2 PAT seen down 5.5% to Rs 332 cr

Corporation Bank is likely to report a profit after tax of Rs 332 crore in the second quarter of FY12, a decline of 5.5% as compared to Rs 351.7 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.

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Corporation Bank is likely to report a profit after tax of Rs 332 crore in the second quarter of FY12, a decline of 5.5% as compared to Rs 351.7 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.

Net interest income is seen going up by 6% to Rs 755 crore from Rs 715 crore during the same period.

Expectations

-Advances expected to grow 15%
-Deposit growth around 22%
-Slippages likely to remain high due to migration to system based NPA recognition