Canara Bank posts 27% jump in net profit for Oct-Dec quarter ...Middle East

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Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Mumbai:  Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 2,881.5 crore in the same period last year. The bank’s Net Interest Income (NII) during the quarter rose 9.5% to Rs 9,417 crore from Rs 8,600 crore in the year ago period. The bank’s loans went up by 12.6% during the quarter. Asset quality of Canara Bank The bank also registered an improvement in asset quality as gross non-performing assets (GNPA) fell 5.1% of total loans to Rs 41,722 crore in Q3 from Rs 43.955.6 crore in the July-September quarter. The net-non performing assets of the bank also

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