Annual Report 2014-2015 of Corporation Bank

It is a broadly described annual report of Corporation Bank in the year of 2014-2015. During the financial year, The Bank’s total business reached a level of Rs. 3,44,412 Crore as on 31^st March 2015, recording an absolute growth of Rs. 13,933 Crore over the business figure of Rs. 3,30,479 Crore as on 31^st March 2014, at a growth rate of 4.22%. Total Income of the Bank increased by Rs. 1,432.62 Crore (7.31%) during FY 14-15 to reach Rs. 21,038.91 Crore. The Operating Profit decreased marginally and stood at Rs. 3,027.45 Crore as at the end of 31^st March 2015, as compared to Rs. 3,039.40 Crore as on 31^st March 2014. The bank posted a Net Profit figure of Rs. 584.26 Crore during 2014-15 as against Rs. 561.72 Crore in the previous year. Earnings per Share and Book Value per share of Face Value of Rs. 2/- each stood at Rs. 6.97 and Rs. 125.16 respectively.

The Board of Directors of the bank has recommended a Dividend of @70% i.e. Rs. 1.40 per share of Rs. 2/- each, for the financial year 2014-15.

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