Corporation Bank Q4 net up 20% to Rs 312.32 crore

For year ended March 31, it posted a consolidated net profit of Rs 1,181.34 crore, compared to Rs 900.32 crore in the previous fiscal. Total income for Q4 at Rs 2,194.87 crore was minus 0.2 per cent on a year-on-year (YoY)  basis.

The bank earned an interest of Rs 1,922.20 crore in the fourth quarter, compared to Rs 1,706.38 crore during the same period of the corresponding fiscal. For year ended March 31, 2010, its consolidated interest was Rs 7,294.60 crore, compared to Rs 6,067.34 crore in the last fiscal.

Its total business increased by Rs 33,440 crore to Rs 1,55,936 crore from Rs 1,22,496 crore in March 2009.  The increase recorded in business is 27.30 per cent YoY.

Further, the bank’s gross NPA stood at 1.02 per cent as compared to 1.14 per cent while net NPA stood at 0.31 per cent against 0.29 per cent. In absolute terms the gross NPAs stood at Rs 650.94 crore against Rs 559.22 crore in the previous year and net NPA stood at Rs 197.25 crore compared to Rs 138.30 crore in the previous year.

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