Corporation Bank Q2 net up 18% at Rs 189 cr

Image
Press Trust of India New Delhi
Last Updated : Nov 07 2015 | 5:28 PM IST
Public sector lender Corporation Bank today reported a rise of 17.5 per cent in net profit to Rs 188.60 crore for the September quarter.
The bank's net profit stood at Rs 160.51 crore during the same July-September period of the previous fiscal.
"Total income of the bank increased to Rs 5,434.65 crore for the quarter ended September 30, 2015, from Rs 5,229.06 crore for the quarter ended September 30, 2014," it said in a regulatory filing.
On the asset front, bank's gross non-performing assets (NPAs) or bad loans rose to 5.32 per cent of gross advances as of September, up from 4.45 per cent a year ago.
Net NPAs also increased to 3.54 per cent during the second quarter from 2.92 per cent during the same period last fiscal.
Provision for bad loans and contingencies were at Rs 563.76 crore, up from Rs 520.39 crore in the year-ago period.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 07 2015 | 5:28 PM IST

Next Story