Public sector Canara Bank is planning to unveil a new version of gold loan, the terms of which are expected to be highly relaxed and customer friendly than any private firms offering the gold loan to the people.
Besides, the bank is also planning to launch new version of property mortgage loans. However, the two new versions of the loans are pending for approval and endorsement from the risk management team.
The bank has reported 18.85% fall in its net profit at Rs 710.51 crore for third quarter ended December 31, 2012 as compared to Rs 875.56 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.51% at Rs 9390.29 crore for quarter under review as compared to Rs 8574.45 crore for the quarter ended December 31, 2011.
