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    HomeNewsBusinessEarningsCanara Bank Q1 net profit down 28% at Rs 726 cr

    Canara Bank Q1 net profit down 28% at Rs 726 cr

    State-run Canara Bank has reported a sharp fall of over 28% in its first quarter FY12 net profit. During the period, net profit of the bank slipped to Rs 726 crore from Rs 1,013.4 crore in the year ago period.

    July 27, 2011 / 14:32 IST
     
     
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    State-run Canara Bank has reported a sharp fall of over 28% in its first quarter FY12 net profit. During the period, net profit of the bank slipped to Rs 726 crore from Rs 1,013.4 crore in the year ago period.


    However, net interest income increased nearly 4% to Rs 1,793 crore from Rs 1,728 crore year-on-year.


    Gross non-performing asset (NPA) of the bank went up to 1.67% in the April-June quarter against 1.46% in the corresponding quarter last fiscal.


    Net NPAs too moved up sharply to 1.34% from 1% in the year ago period.

    first published: Jul 27, 2011 02:29 pm

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