South India based Canara Bank has achieved a capital adequacy ratio of 13.22% as on December 31, informs chairman and managing director S Raman.
The public sector lender reported a 20% slump in net profits at Rs 876 crore mainly on account of higher provisioning. Its Q3 provisions stood at Rs 501.18 crore against Rs 157.28 crore (YoY). Analysts say the bankDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
