Friday, November 21, 2008

Corporation Bank To Increase Bancassurance - Nov 21, 208

Corporation Bank is looking at raising the share of non-interest income to total income significantly. At present, the non-interest income is less than 10 per cent of the total income. (During the second quarter of the current financial year, the bank reported a non-interest income of Rs 108.82 crore. The total income during the period stood at Rs 1,623.13 crore). The bank achieved a business of Rs 1.03 lakh crore by September 2008.

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