Moneycontrol PRO

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.

February 02, 2012 / 11:52 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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

first published: Feb 2, 2012 09:51 am

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark