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

20 Oct 2022 Evaluate

Canara Bank has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 89.51% in its net profit at Rs 2,525.47 crore for Q2FY23 as compared to Rs 1,332.61 crore for the corresponding quarter previous year. Total income of the bank increased by 16.88% to Rs 24,932.19 crore for the quarter under review as compared to Rs 21,331.49 crore for the same quarter in the previous year. 

On the consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 2,593.49 crore for the quarter under review as compared to Rs 1,100.59 crore for the same quarter in the previous year. Total income of the bank increased by 14.59% to Rs 27,358.37 crore for the quarter under review as compared to Rs 23,876.00 crore for the same quarter in the previous year.

Peers
Company Name CMP
State Bank Of India 961.15
PNB 112.50
Bank Of Baroda 235.65
Canara Bank 120.05
Union Bank Of India 169.80
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