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Canara Bank Q2 PAT seen down 17% at Rs 838.6 cr
State-owned Canara Bank is expected to report a profit after tax of Rs 838.6 crore in the second quarter of FY12, a fall of 17% as compared to Rs 1,007.9 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
State-owned Canara Bank is expected to report a profit after tax of Rs 838.6 crore in the second quarter of FY12, a fall of 17% as compared to Rs 1,007.9 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
Net interest income is likely to fall 4% to Rs 1,921.8 crore from Rs 2,003.3 crore during the same period.
Expectations
-Pressure on NPLs - full transition to system based NPA recognition -Loan growth: 27% -Deposit growth: 25% -NIMs expected to be stable with downside bias -Fee income growth expected to be muted -Weak PAT, due to provision expenses
