Annual Report 2013-2014 of Corporation Bank

It is a broadly described annual report of Corporation Bank in the year of 2013-2014. During the financial year, The Bank’s total business reached an impressive level of Rs. 3,30,479 Crore as on 31^st March 2014, recording an absolute growth of Rs. 45,757 Crore over the business figure of Rs. 2,84,722 Crore as on 31^st March 2013, at a growth rate of 16.07%. The Total Income of the Bank increased by Rs. 2,664.27 Crore (15.73%) to reach Rs. 19,606.29 Crore. The Operating Profit marginally increased from Rs. 3,037.00 Crore as on 31^st March 2013 to Rs. 3039.40 Crore. The Net Profit of the Bank has come down from Rs. 1,434.67 Crore for the previous financial year to Rs. 561.72 Crore for the year ended 31^st March 2014. Earnings per Share stood at Rs. 35.75 and the Book Value per Share were at Rs. 601.95.

The Board of Directors of the bank has recommended a Final Dividend of @22.50% for the financial year 2013-14. The total dividend during the financial year 2013-14 thus works out to Rs. 6.75 per share of Rs. 10/- each.

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