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The Hindu
The Hindu
National
Special Correspondent

Canara Bank logs standalone net profit of ₹1,666 crore

Canara Bank Bengaluru

Canara Bank logged a standalone net profit of ₹1,666 crore in Q4, 2021-22. It rose by 65% when compared to ₹1,011 crore clocked in the year ago quarter.

Likewise, the Bengaluru headquartered bank’s total income improved from ₹21,040 crore to ₹22,320 crore in the analysed quarter, rising by 6%.

The public sector bank was able to record these profits due to 50% lower provisioning for NPAs, which stood at ₹2,130 crore in Q4 while it was ₹4,430 crore in the last quarter of 2020-21.

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