Annual Report 2011-2012 of Corporation Bank

It is a broadly described annual report of Corporation Bank in the year of 2011-2012. During the financial year, The Bank’s Total Business grew by 16.21% to reach the level of Rs. 2,36,611Crore as on 31^st March 2012 from Rs. 2,03,598 Crore recorded on 31^st March 2011. The Total Income of the Bank increased by Rs. 4,119.27 Crore to reach Rs. 14,510.40 Crore, showing an increase of 39.64%. The Operating Profit rose to Rs. 2,855.97 Crore registering a growth of 11.83%. The Net Profit of the Bank, for the first time, crossed a milestone figure of Rs. 1,500 Crore to reach Rs. 1,506.04 Crore. Earnings per Share have gone up to Rs. 101.67 from Rs. 98.50 and the Book Value per Share improved to Rs. 558.69 from Rs. 497.62.

The Board of Directors of the bank was pleased to recommend an all-time high dividend of Rs. 20.50 per equity share of Rs. 10/- each for the year 2011-12.

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