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Public sector lender Canara Bank‘s profit declined despite a rise in its core income in the fourth quarter of FY12. The company‘s profit was lower than estimated and stood at Rs 829 crore compared to Rs 898.9 crore in the corresponding quarter last fiscal.
Public sector lender Canara Bank is expected to report a growth of 7% year-on-year in its profit after tax of Rs 964 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Angel Broking has come with its March quarterly earning estimates for banking sector.
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.
State-owned Canara Bank is expected to report a profit after tax of Rs 913 crore in the third quarter of FY12, a fall of 17% as compared to Rs 1,105 crore in a year ago quarter.
Motilal Oswal has come with its December quarterly earning estimates for financial sector.
Angel Broking has come with its quarterly earning estimates for banking sector.
It was a mixed day for the public sector banks that announced quarterly earnings today.
Canara Bank has declared its second quarter results. In an interview to CNBC-TV18, S Raman, CMD of Canara Bank says, Q2 has been a very satisfying quarter for the bank. He expects net interest margins (NIMs) of around 2.8% for this fiscal.
State-owned Canara Bank is expected to report a profit after tax of Rs 838.6 crore in the second quarter of FY12, a fall of 17% as compared to Rs 1,007.9 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
Speaking to CNBC-TV18 in an exclusive, S Raman, chairman and managing director of the bank says that system-based recognition of NPA led to reporting larger NPA figures for the bank.
Canara Bank is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY12 net interest income (NII) is seen up 16% at Rs 2000 crore versus Rs 1728 crore.
In an interview with CNBC-TV18, S Raman, CMD of Canara Bank, spoke about the company's Q4 results and the road ahead.
Emkay Global Financial Services has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Canara Bank March quarter net interest income (NII) are expected to go up by 39.3% at Rs 2225.6 crore, year-on-year, (YoY) basis.
S Raman, the chairman and managing director of the bank, told CNBC-TV18’s Reema Tendulkar that the bank has reported a profit after tax of over Rs 1,000 crore for three consecutive quarters. “This is a first in the history of our bank.”
Canara Bank is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 13% at Rs 916 crore as against Rs 1,052.5 crore in December quarter 2009.
Karvy Stock Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Canara Bank December quarter net interest income (NII) are expected to go up by 41.1 % to Rs 2084.6 crore, Year-on-Year, (Y-o-Y) basis.