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Canara Bank reports 22% fall in Q2 net profit

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 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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