Corporation Bank Q2 net profit grows only 1%

Corporation Bank Q2 net profit grows only 1 percent.

Corporation Bank on Friday reported a marginal increase in its net profit at Rs 405.71 crore for the second quarter, recording a growth of 1.15 per cent, on the back of higher provisioning and higher interest cost. The bank’s net profit was at Rs 401 crore in the year-ago period.

Net profit of the bank for the half-year ended September 30 increased to Rs 775.97 crore, compared with Rs 752.56 crore during the same period of the last financial year.

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Corporation Bank Q2 Report

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