Corporation Bank Q3 FY11 Results : Net profit jumps 25.4%

by khalid on 23/01/2011 · 0 comments

Public sector lender Corporation Bank has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY10-11). During the said quarter, net profit rose 25.4% to Rs 382.42 crores in comparison to Rs 304.99 crores of Q3 (ending Dec 09) of previous year (FY09-10). Bank of India is a leading bank of the country. The Bank has 1155 branches in India spread over all states/ union territories. The Bank has 1079 automated teller machines (ATMs) and 1200 branchless banking units thereby having a total functional units of 3434.

The bank informed the share market (BSE/NSE) that the total income rose 29.52% to Rs 2735.73 crore in Q3 (ending Dec 2010) of the current fiscal (FY10-11) when compared with the same quarter Q3 (ending Dec 2009) of previous year (FY09-10). Total income was Rs 2112.29 crores in last year’s quarter Q3.

Share’s Data :-
BSE Code : 532179
Mkt. Cap : Rs 8,315.77 Crores
Corporation Bank share’s CMP is Rs 579.90 on 21st Jan 2011.

Stay tuned to BelltheBull Blog for more news on Corporation Bank !

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