Canara Bank Q3 net profit zooms to Rs 750 crore
On a standalone basis, the bank's net profit more than doubled to Rs 696.06 crore from Rs 329.62 crore a year ago.
- Jan 27, 2021,
- Updated Jan 27, 2021 4:19 PM IST
Canara Bank on Wednesday reported a consolidated net profit of Rs 749.73 crore for October-December quarter. The state-owned bank had posted a net profit of Rs 397.65 crore in the year-ago quarter.
However, as the consolidated results also include operations of Syndicate Bank, which amalgamated with Canara Bank, they are not comparable with that of the year-ago period. The amalgamation of Syndicate Bank with Canara Bank came into effect on April 1, 2020.
On a standalone basis, the bank's net profit more than doubled to Rs 696.06 crore from Rs 329.62 crore a year ago. Its consolidated total income grew to Rs 24,490.63 crore during the quarter under review from Rs 15,531.80 crore in the corresponding quarter a year ago.
Its current account and savings account (CASA) deposits rose 14.89 per cent to Rs 3,10,156 crore.
Kotak Mahindra Bank profit rises 16% to Rs 1,853.5 crore in Q3
Canara Bank on Wednesday reported a consolidated net profit of Rs 749.73 crore for October-December quarter. The state-owned bank had posted a net profit of Rs 397.65 crore in the year-ago quarter.
However, as the consolidated results also include operations of Syndicate Bank, which amalgamated with Canara Bank, they are not comparable with that of the year-ago period. The amalgamation of Syndicate Bank with Canara Bank came into effect on April 1, 2020.
On a standalone basis, the bank's net profit more than doubled to Rs 696.06 crore from Rs 329.62 crore a year ago. Its consolidated total income grew to Rs 24,490.63 crore during the quarter under review from Rs 15,531.80 crore in the corresponding quarter a year ago.
Its current account and savings account (CASA) deposits rose 14.89 per cent to Rs 3,10,156 crore.
Kotak Mahindra Bank profit rises 16% to Rs 1,853.5 crore in Q3