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Monday, May 25, 2015

Canara Bank posts Rs. 613-cr net profit

State-owned Canara Bank today reported a net profit of Rs. 612.96 crore during the last quarter of 2014-15 financial year against Rs. 610.8 crore in the same period previous year.

Total income increased to Rs. 12,429.21 crore in the quarter ended March 31, 2015, from Rs. 11,609.72 crore in the same period last fiscal, the bank said in a BSE filing.

Gross NPAs as a percentage of total advances rose to 3.89 per cent during the quarter under review from 2.49 per cent in the same quarter a year ago.

Net NPAs went up to 2.65 per cent from 1.98 per cent.

For the full fiscal 2014-15, the bank’s net profit rose 10.8 per cent to Rs. 2,702.63 crore from Rs. 2,438.19 crore in the previous fiscal.

Total income increased to Rs. 48,300.29 crore during the year ended March 31, 2015, from Rs. 43,480.37 crore during the year ended March 31, 2014.


Source : Thehindubusinessline

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