MUMBAI: Corporation Bank’s net profit for the fourth quarter ending March 31 increased by 19.9 per cent to Rs 312.33 crore against Rs 260.49 crore a year ago.

The decline in investment income brought down operating profit to Rs 544.99 crore in Q4 from Rs 674.73 crore a year ago. The bank’s advances grew 30.28 per cent for the full year and deposits also grew at a more-than-average pace of 25.34 per cent.