Canara Bank reports 21% fall in Q3 net profit

27 Jan 2012 Evaluate

Canara Bank has reported results for its third quarter ended December 31, 2011.

The bank has reported a fall of 20.82% in its net profit of Rs 875.56 crore for the quarter ended December 31, 2011 as compared to Rs 1,105.73 crore for the same quarter in the previous year. However, total income has increased by 33.31% from Rs 6,444.55 crore for Q3FY11 to Rs 8,591.15 crore in the quarter under review.

The banks’ gross NPA stood at 1.81% for the quarter ended December 31, 2011 as compared to 1.44% in the quarter ended December 31, 2010. Its net NPA also rose at 1.49% in Q3FY12 as compared to 1.05% in Q3FY11. Further, the bank’s Return on Assets (ROA) has declined to 1.02% for the quarter from 1.62% in the similar quarter of the last year.

Canara Bank Share Price

99.65 -3.25 (-3.16%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 812.50
Bank Of Baroda 240.30
Canara Bank 99.65
PNB 100.70
Union Bank Of India 116.60
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.