Public sector lender Corporation Bank said its net profit rose 19.89 per cent to Rs 312.32 crore for the quarter ended March 31. For the year ended March,2010,the bank posted a consolidated net profit of Rs 1,181.34 crore,compared to Rs 900.32 crore in the previous fiscal,Corporation Bank said in a filing to the Bombay Stock Exchange (BSE). The bank earned an interest of Rs 1,922.20 crore in the fourth quarter,compared to Rs 1,706.38 crore during the same period of the corresponding fiscal. For the year ended March,2010,the bank earned a consolidated interest of Rs 7,294.60 crore,compared to Rs 6,067.34 crore in the last fiscal. The bank has recommended a dividend of 165 per cent or Rs 16.50 per share. Shares of Corp Bank were trading at Rs 500.50 on the BSE,down 0.02 per cent from the previous close.
