Saturday, January 21, 2017

Canara Bank does a Yes Bank, reports 3 fold jump in net

Canara Bank has reported a net profit at Rs 322 crore for the third quarter ended December 31, 2016. The bank had reported a net profit of Rs 85 crore in the corresponding quarter of the last financial year.

Cash recovery during the quarter at Rs 1,021 crore took the cumulative figure to Rs 2,979 crore for the nine months.

The bank’s total income for the quarter went up marginally 0.23% to Rs 12,079 crore compared with Rs 1,2051 crore in the year-ago quarter.

Net Interest Income grew at 8.40% to Rs 2,414 crore compared with Rs 2,227 crore.

No comments:

Post a Comment