Canara Bank December quarter net profit dips 42 per cent to Rs 409 crore
Total income of the bank increased to Rs 10,935.29 cr during the quarter, from Rs 9,390.29 cr in the same period a year ago.
By PTI | Updated:
NEW DELHI: Public sector lender Canara Bank today reported a 42.39 per cent decline in net profit at Rs 409.35 crore for the third quarter ended December, mainly due to higher provisioning for bad loans.
The bank had posted a net profit of Rs 710.51 crore in the October-December quarter of 2012-13 fiscal.
Total income of the bank increased to Rs 10,935.29 crore during the quarter, from Rs 9,390.29 crore in the same period a year ago, Canara Bank said in a filing to the BSE.
During the quarter, the bank made bad loan provisioning of Rs 1,051 crore, against Rs 626 crore provisioning made in the corresponding quarter in 2012-13 fiscal.
Shares of Canara Bank were trading at Rs 219.95 apiece, up 1.81 per cent on the BSE.
The bank had posted a net profit of Rs 710.51 crore in the October-December quarter of 2012-13 fiscal.
Total income of the bank increased to Rs 10,935.29 crore during the quarter, from Rs 9,390.29 crore in the same period a year ago, Canara Bank said in a filing to the BSE.
During the quarter, the bank made bad loan provisioning of Rs 1,051 crore, against Rs 626 crore provisioning made in the corresponding quarter in 2012-13 fiscal.
Shares of Canara Bank were trading at Rs 219.95 apiece, up 1.81 per cent on the BSE.
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