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Canara Bank reports 17% fall in FY12 consolidated net profit

23 May 2012 Evaluate

On the consolidated basis, Canara Bank has reported a fall of 17.17% in its net profit to Rs 3341.69 crore for the full year ended March 31, 2012 as compared to a net profit of Rs 4034.19 crore in the previous fiscal. However, the consolidated total income during FY12 jumped 31.30% to Rs 33920.15 crore from Rs 25834.14 crore in FY'11.

On the stand alone basis, for the full year ended March 31, 2012, the bank posted a fall of 18.46% in its net profit at Rs 3282.72 crore for the year ended March 31, 2012 as compared to Rs 4025.89 crore for the same period in the previous year. However, total income has increased by 31.17% at Rs 33778.22 crore for year under review as compared to Rs 25751.53 crore for the period ended March 31, 2011.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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