Pleasant Morning. Corporation Bank has posted disappointing - TopicsExpress

Pleasant Morning. Corporation Bank has posted disappointing results. Gross Profit for the year increased by just Rs.2 Cr. vis-a-vis March 2013 Net Profit plummeted from Rs.1435 Cr to Rs.562 Cr. GNPA has sharply risen - 1.72% to 3.42%.NNPA from 1.19% to 2.32%, despite advances increasing by 15.47%. Provision has doubled. Naturally ROA has come down from 0.88% to 0.29%. Two good points: Cash to Income ratio at 44.04%. BASEL III CRAR 11.64%.

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