Annual Report 2016-2017 of Corporation Bank

It is a broadly described annual report of Corporation Bank in the year of 2016-2017. During the financial year, The Bank’s total business reached a level of Rs. 3,60,916.41 Crore as on 31^st March 2017, recording an absolute growth of Rs. 15,423.33 Crore over the business figure of Rs. 3,45,493.08 Crore as on 31^st March 2016, at a growth rate of 4.46%. Total Income of the Bank increased by Rs. 1415.38 Crore during the financial year to reach Rs. 22561.78 Crore. The Operating Profit stood at Rs. 4,439.53 Crore as at the end of 31^st March 2017, as compared to Rs. 3,095.02 Crore as on 31^st March 2016. The Net profit of the Bank stood at Rs. 561.21 Crore for the financial year 2016-17 as against the net loss of Rs. -506.48 Crore for the year ended 31^st March 2016. The Return on Equity, Earnings Per Share and Book Value per Share for the Financial Year 2016-17 stood at 4.66%, Rs. 5.17 and Rs. 110.82 respectively, as against -4.64%, Rs. -5.48 and Rs. 111.16 respectively for the previous Financial year.

The Board of Directors of the bank has not recommended any Dividend, for the financial year 2016-17.

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