Canara Bank Q2 net down 15.4% at Rs 852.22 cr

Public sector lender Canara Bank today posted a 15.44 per cent decline in net

RELATED ARTICLES

profit to Rs 852.22 crore for the second quarter ended September 30, 2011.

The bank had posted a net profit of Rs 1,007.88 crore for the July-September period of 2010.

However, total income of the lender rose to Rs 8,442.73 crore during the quarter from Rs 6,077.06 crore in the same period last year, Canara Bank said in a filing to the BSE.

During the first six months of the current fiscal, the net profit of the bank fell by 21.93 per cent to Rs 1,578.07 crore from Rs 2,021.25 in the April-September period of 2010, it said.

The bank's total income during the first half rose to Rs 16,150.32 crore from Rs 11,971.91 crore in the same period last fiscal, it added.

Shares of Canara Bank rose by 1.53 per cent to Rs 467.90 in late afternoon trade on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Policymakers are committing a blunder by delaying free pricing of oil

    The government’s decision to hike petrol prices can at best be called a half-hearted attempt at expressing concerns about the deteriorating fiscal h

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

India needs to project soft power

The rise from a regional to a global p­ower is ...

Robert Clements

Walk the talk when giving others advice

The only thing one does with advice is to pass ...

Bubbles Sabharwal

Keeping our value system uninjured

Every time one reads a newspaper, there is fr­esh news ...