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    HomeNewsBusinessEarningsCanara Bank Q1 net may rise 3% at Rs 796.3 cr: Nirmal Bang

    Canara Bank Q1 net may rise 3% at Rs 796.3 cr: Nirmal Bang

    Nirmal Bang expects Canara Bank to report a 9.8 percent growth quarter-on-quarter (growth of 2.7 percent year-on-year) in net profit at Rs 796.3 crore.

    July 31, 2013 / 17:51 IST

    Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the banking sector. The brokerage house expects Canara Bank to report a 9.8 percent growth quarter-on-quarter (growth of 2.7 percent year-on-year) in net profit at Rs 796.3 crore.

    Net interest income is expected to increase by 1.6 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 2,124.7 crore, according to Nirmal Bang.

    first published: Jul 31, 2013 05:51 pm

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