GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Corporation Bank Posts Rs 1,838 Crore Net Loss in Q4

The bank had reported a net profit of Rs 159 crore in the corresponding period of the 2016-17 fiscal. Corporation Bank is among the 11 lenders which have been placed under the RBI's prompt corrective action (PCA) framework on account of high bad loans.

PTI

Updated:May 26, 2018, 11:22 PM IST
facebookTwittergoogleskypewhatsapp
Corporation Bank Posts Rs 1,838 Crore Net Loss in Q4
Representative image of a Corporation Bank Branch.
Loading...
New Delhi: PSU lender Corporation Bank on Saturday reported a net loss of Rs 1,838 crore for the March quarter of last fiscal, mainly on account of increased provisioning.

The bank had reported a net profit of Rs 159 crore in the corresponding period of the 2016-17 fiscal. Corporation Bank is among the 11 lenders which have been placed under the RBI's prompt corrective action (PCA) framework on account of high bad loans.

Provisions for non-performing assets (NPAs) or bad loans increased to Rs 4,441 crore during fourth quarter of 2017-18 as against Rs 853 crore during the January-March period of the previous fiscal, the bank said in a filing to the BSE.

The gross NPAs of the bank soared to 16.21 percent in March quarter, from 11.70 percent in the same period of 2016-17.
| Edited by: Aditya Nair
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 180.35 3.23
PC Jeweller 83.80 6.68
Reliance 1,112.20 0.47
Infosys 706.05 1.19
HDFC 1,904.10 -1.95
Company Price Change %Gain
Yes Bank 180.35 3.23
PC Jeweller 83.55 6.64
Jet Airways 259.95 3.22
Indiabulls Hsg 792.80 2.40
IOC 141.45 3.10
Top Gainers
Company Price Change %Gain
Bharti Airtel 319.25 5.33
Yes Bank 180.35 3.23
BPCL 345.30 3.11
IOC 141.25 2.80
ONGC 146.85 2.48
Company Price Change %Gain
Bharti Airtel 318.80 5.32
Yes Bank 180.35 3.23
ONGC 146.95 2.58
NTPC 143.65 1.84
Asian Paints 1,340.05 1.51
Top Losers
Company Price Change %Gain
HDFC 1,904.10 -1.95
HCL Tech 961.20 -1.72
JSW Steel 293.10 -1.66
Wipro 333.10 -1.64
Titan Company 931.50 -1.34
Company Price Change %Gain
HDFC 1,904.15 -1.95
Wipro 333.10 -1.67
Larsen 1,411.55 -0.95
Adani Ports 368.95 -0.65
Sun Pharma 419.75 -0.57

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results