State-owned Canara Bank reported an 8% increase in net profit, reaching ₹5,175 crore for the September quarter of this fiscal year. This marks an increase from ₹4,774 crore earned during the same quarter of the previous financial year.
Financial Highlights
- Total income rose to ₹40,931 crore in the second quarter, up from ₹38,598 crore in the same period last year.
- Interest income improved to ₹35,159 crore, compared to ₹31,544 crore in the same quarter a year ago.
- Net Interest Income saw a 20% jump, reaching ₹11,005 crore against ₹9,141 crore a year earlier.
- Operating profit increased to ₹8,758 crore, up from ₹8,588 crore in the same quarter last year.
