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Canara Bank Q1 net profit up 7 %

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

Written by Agencies | Mumbai | Published: July 24, 2012 6:36:19 pm

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.

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