Canara Bank is eyeing 8-10 per cent growth in advances as well as healthy double-digit rise in corporate loan portfolio in the current financial year (FY23). In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per cent.
In the quarter ended March 31, 2022, the bank's Profit After Tax (PAT) jumped by 64.9 per cent to Rs 1,666 crore from Rs 1,010 crore in the year-ago period. Net Interest Income (NII) grew by 24.84 per cent to Rs 7,005 crore. Net interest margin (NIM) improved to 2.82 per cent from 2.76 per cent.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
Company Name | CMP |
---|---|
SBI | 897.30 |
Canara Bank | 126.10 |
Bank Of Baroda | 289.80 |
PNB | 135.30 |
Union Bank Of India | 167.70 |
View more.. |