Corporation Bank Posts Rs 511 Crore Loss For Q4 As Bad Loans Rise

New Delhi: State-owned Corporation Bank on Wednesday posted a net loss of Rs 510.9 crore for the last quarter of 2015-16 fiscal due to rise in provisions for bad loans. The bank had a net profit of Rs 45 crore in the January-March quarter of 2014-15, Corporation Bank said in a statement. The bank's provision during the quarter doubled to Rs 1,960.20 crore as against Rs 926.49 crore in the same period a year ago. Total income of th...