Corporation Bank FY06 net up 26%

Corporation Bank today reported a 26% increase in consolidated net profit at Rs 443 crore for the year ended March 31, 2006 when compared with Rs 350.69 crore in FY05.

According to a release issued by the bank to the BSE today, total income increased to Rs 3,218.94 crore in FY06 from Rs 2,762.27 crore in FY05.

"The board has declared a final dividend of 35%. With this, the total dividend pay out by the bank for the year 2005-06, including the interim dividend @ 35% already paid, will be 70%," the release added.