Canara Bank has reported results for the fourth quarter and year ended March 31, 2017.
The Bank has posted a net profit of Rs 214.18 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 3905.49 crore for the same quarter in the previous year. Total income of the Bank increased by 6.38% at Rs 12889.20 crore for quarter under review as compared to Rs 12116.14 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the Bank has posted a net profit of Rs 1121.92 crore as compared to a net loss of Rs 2812.82 crore for the same period in the previous year. Total income of Bank increased marginally by 0.09% at Rs 48942.04 crore for year under review as compared to Rs 48897.36 crore for the period ended March 31, 2016.