Corporation Bank Q2 net up 14% to Rs 401 cr

Corporation Bank today posted a jump of 14% in net profit for the second quarter ended September, 2011, at Rs 401 crore as compared to Rs 351.73 crore in the corresponding quarter last fiscal.

Total income has increased 46% to Rs 3,489.50 crore for the quarter ended September 30, 2011, up  from Rs 2,384.30 crore for the same quarter a year ago.

The shares of the bank were trading up by 4.64% on the Bombay Stock Exchange.