Canara Bank Q3 net seen up at Rs 400.55 cr

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Canara Bank Q3 net seen up at Rs 400.55 cr

Canara Bank will declare its third quarter results. According to CNBC TV18 estimates, its third quarter net profit is seen up 10.34% from Rs 363 crore to Rs 400.55 crore.

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Canara Bank will declare its third quarter results. According to CNBC TV18 estimates, its third quarter net profit is seen up 10.34% from Rs 363 crore to Rs 400.55 crore

Its third quarter net interest income is seen down from 14.16% from Rs  1038.58 crore to Rs 891.49 crore.

CANARA BANK
Q3FY08
* Expect margins to remain under pressure, as funds cost continues to be high
* Other income to be strong on tresury profits
* Net profit to grow at 10% YoY driven by lower tax rates and strong treasury profits