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Canara Bank reports above 2- fold jump in Q2 consolidated net profit

26 Oct 2021 Evaluate

Canara Bank has reported results for second quarter ended September 30, 2021.

The bank has reported above 3- fold jump in its net profit at Rs 1332.61 crore for the quarter under review as compared to net profit of Rs 444.41 crore for the same quarter in the previous year. Total income of the bank increased by 2.59% at Rs 21331.49 crore for Q2FY22 as compared Rs 20793.92 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported above 2- fold jump in its net profit after minority interest of Rs 1314.41 crore for the quarter under review as against net profit of Rs 466.41 crore for the same quarter in the previous year. Total income of the bank increased by 5.47% at Rs 23876.00 crore for Q2FY22 as compared Rs 22638.26 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 960.60
PNB 111.70
Bank Of Baroda 233.70
Canara Bank 118.90
Union Bank Of India 165.90
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