Corporation Bank's achieved Rs.892.77 crore net profit clocking a growth of 21.47 percent for the year ending March 31, 2009, said a press release. The total business of the bank as of March 31, 2009, stood at Rs1,22,496 crore which recorded an increase of 29.47 percent. The earnings per share was Rs.62.24. The Net NPA stood at a low of 0.29% which is one of the lowest in the banking industry, said the press release. Corporation Bank has already crossed the milestone of Rupees One Lac Twenty Thousand Crore mark in business and joined the league of mid-sized banks. It has a nation wide network of over 2100 service outlets with over 1075 branches and over 1035 ATMs. The bank has opened representative offices in Dubai and Hong Kong to cater to the needs of a large number of NRI clients who originate from southern States of India where Corporation Bank has a strong foothold.
