Corporation Bank posted a net profit of Rs 260.5 crore for the quarter ended March 31, 2009, up 26% over previous corresponding period. Total income increased from Rs 1464.7 crore to Rs 2199.6 crore in the same period.
For the year ended March 2009, Corporation Bank posted a net profit of Rs 892.77 crore as compared to Rs 734.99 crore in previous year. Total income has increased from Rs 5216.3 crore for the year ended March 31, 2008 to Rs 7174.57 crore for the year ended March 31, 2009.
Under the Agriculture Debt Waiver and Debt Relief Scheme 2008, the bank received Rs 47.25 crore from RBI on account of loans to small and marginal farmers out of the amount eligible for debt waiver of Rs 114.47 crore.
The bank raised Tier-1 bonds of Rs 237.50 crore and Tier-2 bonds of Rs 1,700 crore during the year.
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