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
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