Canara Bank has announced its third quarter results of FY10. It has reported 50% rise in its net profit of Rs 1,052 crore as against Rs 701.5 crore, on year-on-year basis (YoY).
Net interest income (NII) rose 18.78% to Rs 1,478 crore from Rs 1,244.33 crore. The numbers were better-than expectations, as earlier CNBC-TV18 poll saw NII at Rs 1,388 crore and net profit at Rs 645.4 crore.
Provisions declined to Rs 167.4 crore from Rs 352.6 crore.
At 12:22 hours IST, the share was trading at Rs 374.50, up Rs 2.20, or 0.59%. Its market cap stood at Rs 15,354.50 crore.
Source: CNBC-TV18Courtesy moneycontrol.com
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