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Canara Bank reports 15% rise in Q2 net profit

Canara Bank reports 15% rise in Q2 net profit

Canara Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported 15.13% rise in its net profit at Rs 299.54 crore for the quarter under review as compared to Rs 260.18 crore for the same quarter in the previous year. Total income of the Bank increased by 5.71% at Rs 12,679.06 crore for Q2FY19 as compared Rs 11,994.64 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 10.56%, as compared to 10.51% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.54% in Q2FY19.

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