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Canara Bank Q2 net up 10% at Rs 1,008 cr

Canara Bank Q2 net up 10% at Rs 1,008 cr

The lender also reported an increase of 8.4 per cent in total income for the quarter at Rs 6,077 crore, against Rs 5,602 crore in the year-ago period.

State-owned Canara Bank on Wednesday reported a 10 per cent rise in net profit at Rs 1,007.8 crore for the second quarter ended September 30.

It had a net profit of Rs 910.5 crore in the same quarter of the last financial year, Canara Bank said in a filing to the Bombay Stock Exchange.

The lender also reported an increase of 8.4 per cent in total income for the quarter at Rs 6,077 crore, against Rs 5,602 crore in the year-ago period.

Further, the bank earned an interest of Rs 5,577 crore during the quarter, compared to Rs 4,709 crore during the same period last financial year.

During the first half ended September 30, the bank clocked a 38 per cent rise in net profit to Rs 2,021 crore, compared to Rs 1,466 crore in the same period a year ago.

It reported a total income of Rs 11,972 crore in the first six months, compared to Rs 10,634 crore in the previous financial year.

Shares of Canara Bank were trading at Rs 657.50 on the BSE, up 3.69 per cent from previous close.

Published on: Oct 20, 2010, 5:05 PM IST
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