Moneycontrol
Get App
Last Updated : Feb 10, 2017 07:31 PM IST | Source: PTI

Corporation Bank Q3 profit at Rs 159 cr

State-run Corporation Bank today reported a profit of Rs 159 crore for the third quarter ended December 31, as the provision for bad loans declined.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

State-run Corporation Bank today reported a profit of Rs 159 crore for the third quarter ended December 31, as the provision for bad loans declined.


The bank had posted a loss of Rs 388.3 crore in the same quarter last year.


Total income rose to Rs 2,999.5 crore during the quarter from Rs 2,722.2 crore in the same period previous fiscal.

Close

However, gross NPAs as a percentage to total advances rose significantly to 11.26 per cent from 7.32 per cent in the same quarter a year ago.


Net NPAs went up to 7.64 per cent from 4.84 per cent at the end of December 2015.


Total provisions, excluding for income tax, declined to Rs 933.63 crore as against Rs 1,880.96 crore in the year-ago period.



Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

First Published on Feb 10, 2017 07:10 pm
Sections
Follow us on