Canara
Bank Q3 profit increased 3 fold
Canara
Bank's net profit in the October-December third quarter increased by 3 times
322 crore. In the third quarter last year, net profit of the bank stood at Rs
84.9 crore.
Future Tips- SELL TVS MOTORS FUTURE
BELOW 385.50,
Target1- 384,
Target2- 382,
StopLoss ABOVE 388.
Slight
increase in earnings
In
the October-December quarter compared to the 2015-2016 fiscal year, the bank's
total income stood at Rs 12050.6 crore to Rs 12079.3 crore.
NPAs
increased
In
October-December quarter gross NPAs of the bank rose by 5.84 per cent to 9.97
per cent. The bank's net NPAs increased from 6.72 per cent in December 2015 compared
to 2.42 per cent. Canara Bank in December 2015 as compared to Rs 34388.65 crore
of gross NPAs stood at Rs 19813.44 crore.
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