Corporation Bank reports standalone net loss of Rs 510.97 crore in the March 2016 quarter

Total Operating Income decline 3.01% to Rs 4734.46 crore

Net loss of Corporation Bank reported to Rs 510.97 crore in the quarter ended March 2016 as against net profit of Rs 45.07 crore during the previous quarter ended March 2015. Total Operating Income declined 3.01% to Rs 4734.46 crore in the quarter ended March 2016 as against Rs 4881.64 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 506.48 crore in the year ended March 2016 as against net profit of Rs 584.26 crore during the previous year ended March 2015. Total Operating Income declined 0.74% to Rs 19411.24 crore in the year ended March 2016 as against Rs 19556.44 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Total Operating Income4734.464881.64 -3 19411.2419556.44 -1 OPM %42.7667.66 -59.2774.04 - PBDT-1235.2938.87 PL -1931.31475.46 PL PBT-1235.2938.87 PL -1931.31475.46 PL NP-510.9745.07 PL -506.48584.26 PL

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