Canara Bank reported a robust jump in net profit at Rs 899 crore for the quarter-ended March 2011, up 69% compared to Rs 503.4 crore for the same period last year.
Its net interest income (NII) was up 23% at Rs 1,973 crore versus Rs 1,597.6 crore.
In an interview with CNBC-TV18, S Raman, CMD of Canara Bank, spoke about the company's Q4 results and the road ahead. Below is a verbatim transcript of the interview. Also watch the video. Q: What we don't have is your net interest margin performance for this quarter. Could walk us through where net interest margins were for the fourth quarter?
A: The net interest margin is at 3.20% for Q4. For the entire year, it is 3.12% as against 2.80% the previous year. It has been a significantly wonderful year for Canara Bank. For the first time our net profit crossed the figure of Rs 4000 crore
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