The net profit of Corporation Bank for the first quarter ended June 30, 2012, increased to Rs.370.26 crore from Rs.351.45 crore in the year-ago period, said Ajai Kumar, Chairman and Managing Director, in a release.

Total business as on June 30 this year stood at Rs.2,32,649 crore against Rs.1,96,686 crore as on June 30, 2011, a growth of 18.28 per cent. Deposits increased to Rs.134,103 crore from Rs.1,17,782 crore, a rise of 13.86 per cent.

Advances were higher by 24.89 per cent at Rs.98,546 crore against Rs.78,904 crore as on June 30, 2011.

The credit-deposit ratio stood at 73.49 per cent.

Net NPA stood at 1.20 per cent (Rs.1,185.48 crore) at the end of the first quarter of 2012-13 , said the bank release.

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