Corporation Bank deposits register 12.97% growth in last quarter Y/Y

0
12
Mangaluru: Corporation bank released un-audited financial results for the quarter ended December 31, 2016 on Friday in the city. According to the data released by the bank, deposits of the bank have increased to Rs. 2,23,384.02 crore as on December 31, 2016 from Rs. 1,97,738.33 crore as on December 31, 2015, exhibiting a growth of 12.97%. Advances of the bank have stood at Rs. 1,35,012.28 crore as on December 31, 2016 as against Rs. 1,42,460.72 crore during the same period last year.

Total business of the bank has reached to the level of Rs. 3,58,396.30 crore in the last quarter as against Rs. 3,40,199.05 crore, year-on-year basis, registering growth of 5.35%. CASA of the Bank stood at Rs.54,026.15 crore as against Rs.39,048.42 crore of last year, thereby registering growth of 38.36%.

Net interest income of the bank stood at Rs.1,229.76 crore as on December 31, 2016 as against Rs.1,006.88 crore as on December 31, 2015, exhibiting a growth of 22.14%. Noninterest income of the Bank stood at Rs.885.80 crore against Rs.417.41 crore of last year, exhibiting a growth of 112.21%. Interest income and total income also registered a growth of 4.49% and 13.20% respectively.

LEAVE A REPLY

Please enter your comment!
Please enter your name here