Our Bureau

New Delhi, Jan. 24

CORPORATION Bank has reported a 28.83 per cent decline in net profit at Rs 115.07 crore for the third quarter ended December 31, 2005 against Rs 161.69 crore for the quarter ended December 31, 2004.

The total income increased 1.41 per cent to Rs 783.48 crore from Rs 772.52 crore.

For the nine-month period ended December 31, 2005, the bank reported a net profit of Rs 344.19 crore, a 16.8 per cent growth against Rs 294.59 crore in the corresponding period last year.

Addressing a press conference here, Mr V.K. Chopra, Chairman and Managing Director, said the bank's total business increased by 27.7 per cent from Rs 51,787 crore for nine months ended December 31, 2005 against Rs 40,541 crore for the same period last year.

(This article was published in the Business Line print edition dated January 25, 2006)
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