Corporation Bank Q2 net up 18% at Rs 189 cr

Public sector lender Corporation Bank today reported a rise of 17.5 per cent in net profit to Rs 188.60 crore for the September quarter.
The bank's net profit stood at Rs 160.51 crore during the same July-September period of the previous fiscal.
"Total income of the bank increased to Rs 5,434.65 crore for the quarter ended September 30, 2015, from Rs 5,229.06 crore for the quarter ended September 30, 2014," it said in a regulatory filing.
On the asset front, bank's gross non-performing assets (NPAs) or bad loans rose to 5.32 per cent of gross advances as of September, up from 4.45 per cent a year ago.

Net NPAs also increased to 3.54 per cent during the second quarter from 2.92 per cent during the same period last fiscal.
Provision for bad loans and contingencies were at Rs 563.76 crore, up from Rs 520.39 crore in the year-ago period.