Corporation Bank reports standalone net loss of Rs 1838.40 crore in the March 2018 quarter

Total Operating Income decline 13.33% to Rs 4193.10 crore

Net loss of Corporation Bank reported to Rs 1838.40 crore in the quarter ended March 2018 as against net profit of Rs 159.98 crore during the previous quarter ended March 2017. Total Operating Income declined 13.33% to Rs 4193.10 crore in the quarter ended March 2018 as against Rs 4838.04 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 4053.94 crore in the year ended March 2018 as against net profit of Rs 561.21 crore during the previous year ended March 2017. Total Operating Income declined 9.47% to Rs 17628.33 crore in the year ended March 2018 as against Rs 19471.47 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Total Operating Income4193.104838.04 -13 17628.3319471.47 -9 OPM %-14.0664.45 -21.5365.57 - PBDT-3032.77106.54 PL -6680.86836.37 PL PBT-3032.77106.54 PL -6680.86836.37 PL NP-1838.40159.98 PL -4053.94561.21 PL

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