Corporation Bank has posted a 43% rise in net profit to Rs 161.69 crore (Rs 1.61 billion) for the third quarter ended December 31, 2004 as compared to Rs 113.28 crore (Rs 1.13 billion) for the quarter ended December 31, 2003.
According to a release issued to the BSE, the total income has increased from Rs 673.57 (Rs 6.73 billion) crore in Q3-03 to Rs 772.52 crore (Rs 7.72 billion) for the quarter ended December 31, 2004.
The board of directors of Corporation Bank at their meeting held on January 22, 2005, have declared an interim dividend of 30% for the financial year 2004-05.
The release added that the board has fixed February 10, 2005 as the record date for the purpose of determining the shareholders who will be entitled to receive dividend.