Corporation Bank Q3 net profit seen up 16.7% at Rs 356 cr

Corporation Bank is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected go up by 16.7% to Rs 356 crore from Rs 305 crore on year-on-year basis.

January 21, 2011 / 10:29 IST

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Corporation Bank is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected go up by 16.7% to Rs 356 crore from Rs 305 crore on year-on-year basis.

Net interest income is seen going up by 55.3% to Rs 930.7 crore from Rs 599.4 crore.

Results Expectations
*Margins to decline around 10 bps QoQ
*PAT likely to decline QoQ (could be 6-7%) on account of higher credit costs
*Slippages to be a key monitorable

first published: Jan 21, 2011 10:27 am

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