Life @ TradeIndia Research

Saturday, 21 January 2017

Future Tips Canara Bank Q3 Profit up

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.  

BELOW 385.50,
Target1- 384,
Target2- 382,
StopLoss ABOVE 388.

Q3 Profit

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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