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Canara Bank reports 42% rise in Q2 consolidated net profit

26 Oct 2023 Evaluate

Canara Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The Bank has reported 42.79% rise in its net profit at Rs 3606.14 crore for the quarter under review as compared to Rs 2525.47 crore for the same quarter in the previous year. Total income of the Bank increased by 26.23% at Rs 31472.18 crore for Q2FY24 as compared Rs 24932.19 crore for the corresponding quarter previous year.

On consolidated basis, the Bank has reported 41.79% rise in its net profit at Rs 3677.39 crore for the second quarter ended September 30, 2023 as compared to Rs 2593.49 crore for the same quarter in the previous year. Total income of the Bank increased by 23.88% at Rs 33891.21 crore for Q2FY24 as compared Rs 27358.37 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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