Corporation Bank Q1 net up 5.35% to Rs. 370 crore

Published: 01st August 2012 07:37 AM  |   Last Updated: 01st August 2012 07:37 AM   |  A+A-

Corporation Bank registered a 5.35% growth in net profit at `370.26 crore for the quarter ended June 30, 2012, as against `351.45 crore posted in the corresponding quarter of the previous fiscal.

Net interest income went up by 14.34% to `808.4 crore from `707 crore during the period, the bank Chairman and Managing Director Ajai Kumar said.

Operating profit for the period under review stood at `669.86 crore as against `553.19 crore in the same period a year ago, a growth of 21.09%.  EPS was at `100 for the current quarter as against `94.90 for Q1 of FY 2011(annualized).

Book value per share rose to `583.69 as compared to `505.59 as at June 2011.

Return on equity was at 17.50% and ROA works out to 0.97% (both annualized). Total business of the bank stood at `232,649 crore (`196,686 crore), a growth of 18.28% on y-o-y basis.

Business per employee has gone up to `16.68 crore (`15.15 crore).

Business per branch has improved stood at `149.70 crore (`144.41 crore).

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