Canara Bank Q3 net profit up 26.39% at Rs 458.83 cr

Published on Wed, Jan 23, 2008 at 13:02 |  Source : Moneycontrol.com

Updated at Wed, Jan 23, 2008 at 13:04  

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Canara Bank has announced its Q3FY08 numbers. It has posted 26.39% growth in its net profit of Rs 458.83 crore for the quarter ended December 2007 as against Rs 363 crore in corresponding quarter of previous year.

Net interest income went down 10.03% from Rs 1038.58 crore to Rs 934.36 crore. Other income stood at Rs 546 crore versus Rs 299 crore.

According to CNBC-TV18 estimates, the bank was expected to post net profit at Rs 400.55 crore and net interest income at Rs 891.49 crore.

Result (Rs cr) Dec-07 Sep-07 Jun-07 Mar-06 Dec-06
Interest Earned / Operating Income 3550 3483 3380 3210 2961
Interest on Advance 2468 2428 2358 2159 1905
Income on Investment 1016 951 907 885 854
Interest on Balances 66 104 115 167 126
Others Interests 0 0 0 0 77
Other Income 546 572 380 626 299
Total Income 4097 4055 3760 3837 3261
Interest Expanded -2616 -2696 -2486 -2151 -1923
Operating Expenses -723 -709 -662 -633 -637
Payment/Provisions for Employees -445 -432 -428 -373 -401
Other Operating Expenses -278 -277 -235 -260 -236
Total Expenditure for Banks -3339 -3404 -3148 -2785 -2560
Profit before Tax 757.83 650.31 612.07 1052.12 701.01
Tax -100.00 -70.00 -70.00 -50.00 -75.00
Provisions and Contingencies -199.00 -178.74 -301.52 -497.03 -262.99
Net Profit 458.83 401.57 240.55 505.09 363.02
Equity Capital 410.00 410.00 410.00 410.00 410.00

  

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