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Corporation Bank Q4 PAT seen up 23% at Rs 383 cr

State-run Corporation Bank is set to report 23% growth in fourth quarter FY11 profit after tax of Rs 383.4 crore as against Rs 312 crore in fourth quarter FY10.

April 29, 2011 / 11:15 AM IST
 
 
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State-run Corporation Bank is set to report 23% growth in fourth quarter FY11 profit after tax of Rs 383.4 crore as against Rs 312 crore in fourth quarter FY10.


Net interest income is expected to go up by 31% at Rs 837.4 crore from Rs 640 crore on year-on-year basis.


Strong disbursements in the corporate sector may ensure healthy credit growth of the bank.


Net interest margins could see some compression in the quarter ended March 2011.


Factors to watch

* No stress in MFI, telecom and real estate accounts
* Credit costs should remain managable
* Loan growth at 21%
* Provisions for retirement benefits to be a monitorable
* Asset quality to be stable

first published: Apr 29, 2011 11:07 am

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