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    • Canara Bank Q1 net nearly flat on higher provisions

      Canara Bank Q1 net nearly flat on higher provisions

      State-owned Canara Bank first quarter (April-June, FY14) net profit nearly remained flat at Rs 792 crore as against Rs 775 crore a year back, up merely 2 percent year-on-year. A spike in provisions and contingences, which grew 119 percent y-o-y to Rs 916 crore capped the bank‘s profit margin.

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