Canara Bank has reported results for the fourth quarter and year ended March 31, 2020.
The bank has reported net loss of Rs 3259.33 crore for the quarter under review as compared to net loss of Rs 551.53 crore for the same quarter in the previous year. However, total income of the bank increased by 1.59% at Rs 14222.39 crore for Q4FY20 as compared Rs 14000.43 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported net loss after minority interest of Rs 3209.98 crore for the quarter under review as against net loss of Rs 491.36 crore for the same quarter in the previous year. Total income of the bank decreased by 2.68% at Rs 15285.27 crore for Q4FY20 as compared Rs 15705.50 crore for the corresponding quarter previous year.
For the year ended March 31, 2020, the bank has reported net loss of Rs 2235.72 crore as compared to net profit of Rs 347.02 crore for the previous year. However, total income of the bank increased by 6.30% at Rs 56748.14 crore for year under review as compared to Rs 53385.30 crore for year ended March 31, 2019.
For the year ended March 31, 2020, on the consolidated basis, the bank has reported net loss after minority interest of Rs 1986.43 crore as compared to net profit of Rs 601.85 crore for the previous year. However, total income of the bank increased by 6.39% at Rs 61558.15 crore for year under review as compared to Rs 57858.26 crore for year ended March 31, 2019.
