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Corporation Bank net grows 29%

Jan 24, 2000

Corporation Bank has registered a 29% growth in net during the quarter ended 31st December 1999. This was driven by higher spreads and a 20% jump in non-fund based income. The net margins have improved from 14% to 16.3%.

(Rs m) 3QFY2000 3QFY1999 Change
Interest Earned 4,026.1 3,626.8 11.0%
Other Income 575.2 481.0 19.6%
Operating Expenditure 728.9 617.4 18.1%
Interest Expended 2,808.9 2,685.5 4.6%
Profit before Tax 1,063.5 804.9 32.1%
Provisions & Contingencies 406.7 296.3 37.3%
Profit after Tax/(Loss) 656.8 508.6 29.1%
Net profit margin (%) 16.3% 14.0%  

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