The Corporation Bank has reported a marginal increase in its Q4 net profit at Rs 351.26 crores from Rs 345.34 crores during the corresponding period in the previous year.  The net profit for the whole year stood at Rs 1,506.04 crores, up from Rs 1,413 crore in FY 2011.

Total income of the Bank was Rs 14,510 crores for FY 2011-12 compared to Rs 10,391 crores for FY 2010-11, showing an increase of 39.64 per cent. 

The total business of the bank stood at Rs 2,36,611 crores , comprising Rs 136,142 crores in deposits and Rs 100,469 in advances.  Bank’s Credit Deposit ratio was 73.80 per cent.

Business per employee went up from Rs 15.73 crores to Rs 17.13 crores, while business per branch shot up to Rs 157.74 crores from Rs 149.59 crores.

Gross NPA stood at 1.26%, translated to Rs 1,274 crores in absolute terms.

PIBMUM/AS/BG