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.