Canara Bank has reported results for the quarter ended June 30, 2011.
The bank’s net profit for the Q1FY12 has declined by 28.37% at Rs 725.85 crore as compared to Rs 1013.37 crore for Q1FY11. The bank’s total income has registered growth of 30.75% for the quarter under review at Rs 7707.59 crore from Rs 5894.85 crore for the corresponding quarter of the previous year.
The bank’s Capital Adequacy Ratio for the quarter stood at 13.37% from earlier of 12.44% in the June quarter o the previous year. The bank’s gross NPA stood at 1.67% for the Q1FY12 as compared to 1.46% in Q1FY11. Its net NPA stood at 1.34% against 1.0% in the Q1FY11.
