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Canara Bank posts Rs 626 crore profit

Total income rose to Rs 10,427.48 crore during the second quarter, from Rs 9,203.61 crore in the corresponding period of last fiscal.

twitter-logoPTI | November 13, 2013 | Updated 12:26 IST
Canara Bank posts Rs 626 crore profit in Q2

State-run Canara Bank on Tuesday reported a 5.3 per cent fall in net profit at Rs 625.94 crore for the second quarter ended September 30, 2013.

The bank posted net profit of Rs 660.97 crore in the July-September quarter of 2012-13. Total income rose to Rs 10,427.48 crore during the second quarter, from Rs 9,203.61 crore in the corresponding period of last fiscal, Canara Bank said in a filing to the BSE.

Net non-performing assets (NPAs) rose to 2.30 per cent during the September quarter, from 2.12 per cent in the corresponding period a year ago.

Interest income of the bank rose to Rs 9,654 crore during the quarter from Rs 8,595 crore in the same period last fiscal.

The board of the bank has approved capital infusion of Rs 500 crore by the government by way of preferential allotment of equity shares. Shares of Canara Bank were trading at Rs 259, up 4.86 per cent in the afternoon trade on the BSE.

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