Canara Q3 net may soar 320% to Rs 357cr; credit cost seen higher

Net profit of Canara Bank is likely to soar 319.7 percent in September-December quarter to Rs 356.7 crore from Rs Rs 85 crore in corresponding quarter last fiscal. During the period, net interest income may rise 13 percent to Rs 2516 crore against Rs 2226.6 crore year-on-year.

According to CNBC-TV18 poll, slippages below Rs 2500 crore will be positive while low cost deposits share is expected to rise owing to good flow post demonetisation.

Credit cost is likely to remain high owing to ageing of non-performing (NPA) in Q3. Treasury gains may be healthy while GNPA may be below 10 percent may be positive.