Corporation Bank Q1 net up 5%

New Delhi: Corporation Bank on Thursday reported a 5.29 per cent increase in net profit to Rs 351.45 crore for the first quarter ended June 30, 2011.

The bank had posted a net profit of Rs 333.78 crore for the April-June quarter of FY'10, Corporation Bank said in a filing to the Bombay Stock Exchange.

Total income of the bank rose to Rs 3,266 crore during the first quarter of FY'12 from Rs 2,293 crore in the corresponding period last fiscal.

Shares of Corporation Bank were trading at Rs 519.20, down 0.01 per cent from their previous close on the BSE.

Source: Financial Express