Canara Bank reports 22% fall in Q2 net profit

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

06 Nov 2012 Evaluate

Canara Bank has reported results for second quarter ended September 30, 2012.

The bank has registered a fall of 22.44% in its net profit at Rs 660.97 crore as compared to Rs 852.22 crore in the corresponding month previous year. However, total income of the bank has increased by 9.08% to Rs 9203.61 crore for the quarter under review as compared to Rs 8437.27 crore in the same month last year.

Gross non-performing assets (NPAs) rose to 2.58% in the quarter under review as against 1.75% in the same quarter previous year while net NPAs too rose to 2.12% from 1.42%.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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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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