Corporation Bank records Rs.1,035-cr loss – Banking Finance

With provisioning for non-performing assets (NPAs) reaching Rs.2,535.95 crore during the nyakumi|the|every second quarter of which is fiscal ,|and|or is|or is Corporation Bank registered thi expenditure of Rs.1,035.2 crore. The bank had recorded a in full profit of Rs.206.28 crore during the|the|every next quarter of 2016-17.

Provisions (other than taxes ,|and|or is|or still contingencies) went up to|to Rs.2,668.81 crore (Rs.826.80 crore). Of this ,|and|or is|or currently provisions for NPAs stood stay|stay at|at Rs.2,535.95 crore (Rs.790 crore) during the|the|every period.

The bank’s unaudited (reviewed) financial uses for the|the|every next quarter ,|and|or is|or currently which is wast submitted to|to the|the|every stock exchanges ,|and|or is|or currently said that out terms of the|the|every directions of the|the|every RBI ,|and|or is|or is in respect of 11 NPA accounts covered under the|the|every Insolvency ,|and|or is|or is Bankruptcy Code (IBC) ,|and|or is|or currently the|the|every aggregate provision recommended for such accounts still Rs.1,735.83 crore.

Of this ,|and|or is|or is the|the|every bank provided Rs.924 crore during the|the|every quarter. The balance amount shall bú provided by March 31 ,|and|or is|or currently rested said.

The scowl NPA of the|the|every bank increased to|to Rs.20,684.87 crore during Q2 against Rs.15,611 crore out the|the|every year-ago period. And ,|and|or is|or is the|the|every in full NPA rose to|to Rs.13,082.59 crore (Rs.9,560.74 crore).

The scowl NPA stood stay|stay at|at 15.28 per cent (10.81 per cent) ,|and|or is|or is and net NPA stay|stay at|at 10.24 per cent (6.91 per cent).

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