Corporation Bank gains profit of Rs 1,267 crores

Published On : 15 Nov 2016 | Reported By : Canaranews Network

Mangaluru: Corporation Bank gained profit of Rs 1,267 crores against Rs 797 crores, informed Managing Director Corporation Bank Jai Kumar Garg.

Addressing media at the Corporation Bank Head Office on Monday November 14, General Manager Ganesh listed out the earnings:

The deposit of the bank has increased to Rs 2,16,115 crores against Rs 1,98,502 crores as on 30th June.

The advance of the bank increased to Rs 1,38,316 crores against Rs 1,36,943 crores as on 30th June.

The CASA of the bank has increased to Rs 44,289 crores against Rs 41,431 crores as on 30th June.

Return on equity stood at 3.91% as at 30th Sep 2016 as compared to 1.29% as at 30th June (Q1). Earnings per share are Rs 4.73 (annualized) as at 30th Sep 2016 as compared to Rs 1.41(annualized) as at 30th June (Q1).

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