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Corporation Bank Q3 net jumps 7-fold to Rs 421cr, gross NPA at Rs 19,557 cr
Income increased to Rs 6,051.93 crore, from Rs 4,112.29 crore. On a standalone basis, the net profit increased to Rs 420.68 crore in 3rd quarter ended December 31, 2019 from Rs 60.53 crore a year ago.
Corporation Bank net profit up 26% to Rs 130 cr as asset quality improves
Net NPAs or bad loans fell substantially to 5.59 per cent (Rs 6,751.20 crore), against 11.65 per cent (Rs 13,534.01 crore) a year ago.
RBI places Corporation Bank under 'prompt corrective action' framework
The bank had a net non-performing assets ratio of 10.24 percent as of end-September
