Corporation Bank Q1 net profit up marginally by 2% at Rs 378 cr

Jul 27 2013, 15:24 IST
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The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 12.10 per cent. (AP) The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 12.10 per cent. (AP)
SummaryThe bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 12.10 per cent.

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.

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