Corporation Bank Q1 FY07 net grows 16pc

New Delhi, July 29: Corporation Bank today posted a 16 per cent increase in net profit at Rs 144.24 crore for the first quarter ended June 30, 2006 as compared to Rs 123.52 crore for the same period last year.

The total income was up by 19 per cent to Rs 917.59 crore for Q1 FY07, from Rs 766.35 crore for Q1 FY06.

The bank reported a 7 per cent hike in net profit at Rs 100.27 crore for 04 FY06 as against Rs 107.57 crore for 04 FY05.

UNI