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Sunday, August 4, 2013

Canara Bank Make good Profit

Canara Bank's net profit in the first quarter of fiscal year 2014 increased 2.2 per cent to Rs 792 crore. The bank's net profit in the first quarter of fiscal year 2013 was Rs 775.2 crore.

In the first quarter of fiscal year 2014, interest income of the bank rose by 8 per cent to Rs 1991.1 crore. The bank's interest income in the first quarter of fiscal year 2013 was Rs 1843.5 crore.

Quarter - to - quarter April - In June Canara Bank's gross NPAs increased from 2.57 per cent to 2.91 per cent. However, the bank's net NPAs rose from 2.18 percent to 2.48 percent.

Quarter - to - quarter April - In June Canara Bank's other income increased from Rs 692.6 crore to Rs 1238.3 crore. However, the bank's provision 752.3 crore from Rs 916.2 crore to Rs. The bank's capital adequacy ratio was 11.35 per cent.

Canara Bank says that the Restructured assets in the first quarter of fiscal year 2014 to Rs 1673 crore. Winsome debt of Rs 650 crore connected in Slippages.

April-June quarter Slippages 2800 crore to Canara Bank. Lanco Infra is going to work on restructuring. Canara Bank's provision coverage ratio at June 30, 2013 was 58 per cent.

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