Canara Bank Reports 21% Fall In Q3 Net Profit (27-Jan-2012)
Canara Bank has reported results for its third quarter ended December 31, 2011.
The bank has reported a fall of 20.82% in its net profit of Rs 875.56 crore for the quarter ended December 31, 2011 as compared to Rs 1,105.73 crore for the same quarter in the previous year. However, total income has increased by 33.31% from Rs 6,444.55 crore for Q3FY11 to Rs 8,591.15 crore in the quarter under review.
The banks' gross NPA stood at 1.81% for the quarter ended December 31, 2011 as compared to 1.44% in the quarter ended December 31, 2010. Its net NPA also rose at 1.49% in Q3FY12 as compared to 1.05% in Q3FY11. Further, the bank's Return on Assets (ROA) has declined to 1.02% for the quarter from 1.62% in the similar quarter of the last year.
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