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Canara Bank reports 27% fall in Q2 net profit

30 Oct 2017 Evaluate

Canara Bank has reported results for second quarter ended September 30, 2017.

The Bank has reported 27.10% fall in net profit at Rs 260.18 crore for the quarter ended September 30, 2017 as compared to Rs 356.91 crore for the same quarter in the previous year. The total income of the Bank decreased marginally by 1.58% at Rs 11994.64 crore for Q2FY18 as compared Rs 12187.12 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 10.51%, as compared to 9.81% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.02% in Q2FY18.

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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