Canara Bank Q1 2014 net profits rise to Rs 792 crores

Canara Bank has reported a rise in its net profits to Rs 792 crores for Q1 FY 2014, as against Rs 725 crores reported in the previous quarter ending March 31, 2013.

The gross non performing assets has increased to 2.91% for the quarter ending June 30, 2013, from 2.57% in the previous quarter.

Net NPAs have also risen marginally to 2.48%. The shares of the bank last closed at Rs 238 on the National Stock Exchange. The stock hit a 52-week low of Rs 236.95 on the NSE.