Corporation Bank Q1 profit up marginally by 2 per cent at Rs 378 crore

New Delhi, PTI | Updated : 27 July 2013, 04:25 PM

State-owned Corporation Bank today reported 2 per cent rise in net profit at Rs 377.9 crore for the first quarter ended June, 2013.

The bank had earned net profit of Rs 370.2 crore in the April-June quarter of 2012-13, Corporation Bank informed the BSE.

The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year.

As of June 30, 2013, the bank's gross non-performing assets (NPAs) rose to 2.37 per cent of gross advances as against 1.71 per cent in the same quarter of the previous fiscal.

It's net non-performing assets also rose to 1.65 per cent from 1.20 per cent.

The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 12.10 per cent.

First Published: Saturday, July 27, 2013 04:24 PM
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