Canara Bank Q4 net seen down 68%, asset quality may remain weak

Public sector lender Canara Bank is expected to continue to report another weak set of earnings in Q4FY16. Profit is seen falling sharply by 67.6 percent to Rs 198 crore and net interest income may fall 5.8 percent to Rs 2,341 crore, according to CNBC-TV18's consensus estimates.

May 27, 2016 / 11:00 IST

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Public sector lender Canara Bank is expected to continue to report another weak set of earnings in Q4FY16. Profit is seen falling sharply by 67.6 percent to Rs 198 crore and net interest income may fall 5.8 percent to Rs 2,341 crore, according to CNBC-TV18's consensus estimates.

Key things to watch out for:-Canara Bank has higher exposure to corporate sector-Pressure is seen on asset quality in Q4-Analysts expect margin to remain under pressure-Flat operating expenses may impact operating profit-Earnings may show de-growth due to higher provisions-Guidance on watch list of stressed assets in the balance sheet

first published: May 27, 2016 08:00 am

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