Canara Bank Q1 net profit up 7 %https://indianexpress.com/article/news-archive/web/canara-bank-q1-net-profit-up-7/

Canara Bank Q1 net profit up 7 %

The interest income of the bank rose to Rs 8,472.86 crore.

Public sector lender Canara Bank today posted 6.8 per cent increase in net profit at Rs 775.28 crore for the first quarter ended June 30,2012.

It had posted a net profit of Rs 725.8 crore for the same quarter last fiscal,Canara Bank said in a filing to the BSE.

The total income of the bank increased 19 per cent during the April-June quarter to Rs 9,165.47 crore,from Rs 7,707.5 crore in the year-ago period.

The interest income of the bank rose to Rs 8,472.86 crore during the reporting quarter from Rs 7,180.7 crore in the first quarter of the previous fiscal.

Bangalore-based bank’s gross non-performing assets (NPAs) rose to 1.98 per cent during the quarter ended June 30 from 1.69 per cent in the same quarter year-ago.