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Canara Bank reports 60% rise in Q3 net profit

04 Feb 2015 Evaluate

Canara Bank has reported results for third quarter ended December 31, 2014.

The bank has registered a rise of 60.25% in its net profit at Rs 655.97 crore for the quarter under review as compared to Rs 409.35 crore for the same quarter in the previous year. Total income of the bank has increased 11.82% at Rs 12227.86 crore for Q3FY15 as compared Rs 10935.29 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 3.35% in the October- December quarter as against 2.79% in the same quarter previous year, while net NPAs stood at 2.42%.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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