Corporation Bank Q4 net marginally up at Rs 351 cr

Corporation Bank reported a marginal increase in net profit at Rs 351.2 crore for the quarter ended March 2012. It was Rs 345.3 crore in the same period a year ago.

Total income jumped 32.3% to Rs 4,009 crore as against Rs 3,029 crore in March 2011.

The net profit for financial year ended March 2012 was up 6.5% at Rs 1,506 crore from Rs 1,413.2 crore in the previous financial year.

Total income increased 40% from Rs 10,391.1 crore to Rs 14,510.4 crore in FY12.

During afternoon trade on BSE, the lender's stocks were trading 5% lower at Rs 380.