Corporation Bank Q1 net profit rises 5% at Rs 370.3 cr

Public sector lender Corporation Bank’s net profit rose by 5.41% year-on-year to Rs 370.3 crore in the quarter ended June 2012.

Net interest income went up by 14.34% to Rs 808.4 crore from Rs 707 crore during the same period.

Gross non-performing assets (NPAs) increased 45 basis points quarter-on-quarter to 1.71% and net NPAs moved up by 33 basis points to 1.2% during the same period.

Source: www.moneycontrol.com

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