Ajai Kumar

Corporation Bank reported a marginal 1.2 percent rise in net profit at Rs 355.5 crore in the fourth quarter ended March 31 as higher provisions for wage revision and bad assets offset the gains in interest income for the Mangalore-based public sector lender.

Corporation Bank aims to strengthen CASA ahead, says CMD

Ajai Kumar, CMD of Corporation Bank said that slippages in Q3 have not been more than 1.6 percent and it was mainly due to high levels of recovery and upgradation. According to him, the bank is on track to contain its non-performing assets or NPAs.

Expect to keep gross NPAs under control: Corporation Bank

Ajai Kumar, chairman and managing director of Corporation Bank says, gross NPAs have increased a bit. "

Will the 2G verdict shake up banks? Unlikely, say experts

The Supreme Court verdict on multi-crore 2G scam has raised apprehension on the asset quality of banks, already battling to check the rise of non-performing assets. The apex Court on Thursday cancelled licenses of 122 telecom companies, which were allotted by the former telecom minister A Raja.