Canara Bank reports 61% fall in Q3 net profit

Canara Bank | Bank - Public | BFSI | BSE: 532483 | NSE: CANBK

25 Jan 2018 Evaluate

Canara Bank has reported results for third quarter ended December 31, 2017.

The Bank has reported 60.93% fall in its net profit at Rs 125.75 crore for the quarter under review as compared to Rs 321.88 crore for the same quarter in the previous year. However, total income of the Bank increased by 2.17% at Rs 12341.09 crore for Q3FY18 as compared Rs 12079.37 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 10.38%, as compared to 9.97% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.78% in Q3FY18.

Peers

Company Name	CMP
State Bank Of India	969.40
PNB	114.20
Bank Of Baroda	232.95
Canara Bank	122.40
Union Bank Of India	175.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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