Corporation Bank has reported results for third quarter ended December 31, 2016.
The Bank has reported a net profit of Rs 159.02 crore for the quarter under review as compared to a net loss of Rs 388.38 crore for the same quarter in the previous year. Total income of the Bank increased by 13.20% at Rs 5839.56 crore for Q3FY17 as compared Rs 5158.52 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 11.26%, as compared to 7.32% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.64% in Q3FY17.