Canara Bank has reported results for the second quarter ended September 30, 2011.
The bank’s net profit for the second quarter of the current fiscal has declined 15.44% at Rs 852.22 crore as compared to Rs 1007.88 crore for the corresponding quarter of the last year. The bank’s total income has surged 38.93% at Rs 8442.73 crore for the quarter under review as compared to Rs 6077.06 crore for the second quarter of the previous year.
The banks’ gross NPA stood at 1.73% for the quarter ended September 30, 2011 as compared to 1.49% in the quarter ended September 30, 2010. Its net NPA also rose at 1.43% in Q2FY12 as compared to 1.06% in Q2FY11. Further, the bank’s Return on Assets (ROA) has declined to 1.01% for the quarter from 1.52% in the similar quarter of the last year.
