Canara Bank Q2 Results: Net profit jumps 43% to Rs 3,606 crore; asset quality improves
Canara Bank on Thursday reported a 42.8 per cent year-on-year jump in standalone net profit for the July-September period.
State-run Canara Bank on Thursday reported a standalone net profit of Rs 3,606.1 crore for the July-September period, an increase of 42.8 per cent compared with the corresponding period a year ago.
Its net interest income, or the difference between interest earned and interest paid, increased 19.8 per cent on a year-on-year basis to Rs 8,903 crore for the second quarter of the financial year, according to a regulatory filing. Its gross advances expanded 12.1 per cent to Rs 9,23,966 crore compared with the year-ago period.
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