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Canara Bank reports around 3-fold jump in Q1 consolidated net profit

27 Jul 2021 Evaluate

Canara Bank has reported results for first quarter ended June 30, 2021.

The bank has reported around 3-fold jump in its net profit at Rs 1,177.47 crore for the quarter under review as compared to Rs 406.24 crore for the same quarter in the previous year. Total income of the bank increased by 2.53% at Rs 21,210.06 crore for Q1FY22 as compared Rs 20685.91 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported around 3-fold jump in its net profit after minority interest at Rs 1,234.53 crore for the quarter under review as compared to Rs 478.68 crore for the same quarter in the previous year. Total income of the bank increased by 2.53% at Rs 23,288.74 crore for Q1FY22 as compared Rs 22,713.92 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 962.20
PNB 112.10
Bank Of Baroda 233.75
Canara Bank 119.20
Union Bank Of India 167.95
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