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Canara Bank reports 15% rise in Q2 consolidated net profit

30 Oct 2020 Evaluate

Canara Bank has reported results for second quarter ended September 30, 2020.

The bank has reported 21.78% rise in its net profit of Rs 444.41 crore for the quarter under review as against net profit of Rs 364.92 crore for the same quarter in the previous year. Total income of the bank increased 44.08% at Rs 20836.71 crore for Q2FY21 as compared Rs 14461.73 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 14.89% rise in its net profit of Rs 465.88 crore for the quarter under review as against net profit of Rs 405.49 crore for the same quarter in the previous year. Total income of the bank increased by 46.24% at Rs 22681.05 crore for Q2FY21 as compared Rs 15509.36 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 961.80
PNB 112.20
Bank Of Baroda 233.50
Canara Bank 119.05
Union Bank Of India 167.75
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