During the quarter, total stand-alone income amounted to Rs.7,350.59 crore from the Rs.5,506.72 crore in the prior-year quarter, reflecting a 33.48% growth. For the current fiscal year, the bank reported a stand-alone net profit of Rs.4,025.89 crore that is an increase by 33 % when compared to its net profit figures of Rs.3,021.43 crore which stood a year ago. Total income of the bank for April- March 2011 period came around Rs.25,767.05 crore, which when compared with Rs.21,609.86 crore which existed last year, reflected an increase of 19.24%.
Canara Bank is a state-owned financial services company in India. It was established in 1906, making it one of the oldest banks in the country. As on 2009 November, the bank had a network of 3057 branches, spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, and Dubai.