Canara bank Q2 net profit slips 22% to Rs 661 crore

Posted By:
Subscribe to GoodReturns

Canara bank Q2 net profit slips 22% to Rs 661 crore
Canara Bank: Quotes, News
BSE 311.55BSE Quote3.25 (1.04%)
NSE 311.25NSE Quote2.9 (0.93%)
Canara bank net profit fell 22% to Rs 661 crore for the quarter ended September 2012 when compared to Rs 852 crore in the corresponding quarter of last year.

The company's total income was up 9% to Rs 9,204 crore as against Rs 8,437 crore in the same period last year.

In the second quarter, the bank made a provision and contingencies of Rs 421 crore towards bad loans, which was lesser when compared to Rs 548 crore a year back.

Capital adequacy ratio of the bank stood at 13.07% in this quarter as against 13.22% in the last quarter.

Shares of the company was seen trading at Rs 416, lower by 0.43% on BSE at 2.50 pm IST.

Read more about: canara bank
Story first published: Tuesday, November 6, 2012, 15:16 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?