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    HomeNewsBusinessEarningsCorporation Bank Q3 net falls 25% to Rs 303cr; shrs down 4%

    Corporation Bank Q3 net falls 25% to Rs 303cr; shrs down 4%

    Public sector lender Corporation Bank's net profit fell by 24.6 percent year-on-year to Rs 303.2 crore in the October-December quarter of financial year 2012-13, impacted by higher provisions.

    February 01, 2013 / 13:46 IST
       
       
      26 Aug, 2025 12:21
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      Public sector lender Corporation Bank's net profit fell by 24.6 percent year-on-year to Rs 303.2 crore in the October-December quarter of financial year 2012-13, impacted by higher provisions.


      Net interest income increased marginally to Rs 883.4 crore from Rs 861.8 crore during the same period.


      Provisions against bad loans jumped significantly to Rs 406 crore in the third quarter as against Rs 268.8 crore in second quarter.


      Gross non-performing asset (NPA) went up by 21 basis points quarter-on-quarter to 2.18 percent and net NPA rose by 35 basis points QoQ to 1.63 percent in the December quarter.


      Capital adequacy ratio stood at 12.57 percent as against 13.05 percent QoQ.


      At 13:38 hours IST, shares lost nearly 4 percent to Rs 438.50 amid large volumes on Bombay Stock Exchange on Friday.

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      first published: Feb 1, 2013 01:46 pm

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