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Corp. Bank pays 35 p.c. final

Special Correspondent

MUMBAI: Corporation Bank reported a fall in its net profit from Rs. 504 crores as on March 31, 2004 to Rs. 402 crores for the year ended March 31, 2005. However, the board has approved a total dividend of 65 per cent for 2004-05, including an interim dividend of 30 per cent already paid, against 60 per cent for 2003-04. The gross profit improved from Rs. 907 crores to Rs. 1,057 crores. Total income improved to Rs. 2,814 crores during the year. While interest income has improved from Rs. 2,201 crores to Rs. 2,250 crore, non-interest income showed a growth of 9.25 per cent.

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