Canara Bank posted a strong Q2 net profit of ₹47.74 billion with interest income of ₹315.44 billion. Asset quality improved with Gross NPA at 2.35%, reflecting effective risk management and operational strength.
Canara Bank has unveiled impressive financial results for the September quarter, showcasing healthy growth and prudent risk management. The bank’s net profit rose to ₹47.74 billion, supported by robust interest income and well-controlled asset quality.
Key Highlights:
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The bank earned ₹315.44 billion in interest, reflecting strong lending and deposit growth.
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Provisions and contingencies remained significant at ₹23.54 billion, underscoring cautious credit risk monitoring.
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Gross Non-Performing Assets (NPA) stood at 2.35%, indicating an improvement in asset quality compared to previous quarters.
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The net profit of ₹47.74 billion marks healthy profitability, driven by interest income and operational efficiency.
Canara Bank continues to focus on digital banking expansions and retail loan growth, fueling business momentum.
Capital adequacy and liquidity ratios remain robust, supporting the bank’s sustainable growth trajectory.
Sources: Reuters, The Hindu Business Line, Moneycontrol