Canara Bank has reported results for first quarter ended June 30, 2015.
The bank has reported 40.65% fall in its net profit at Rs 478.84 crore for the quarter as compared to Rs 806.86 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.47% at Rs 12252.64 crore for quarter under review as compared to Rs 11728.01 crore for the quarter ended June 30, 2014.
The bank’s gross non-performing assets (NPA) for the April-June quarter of the current fiscal has increased to 3.98%, as compared to 2.67% in corresponding quarter previous year. Besides, bank’s Net NPA stood at 2.74% in Q1FY16.
