Canara Bank : Q4FY17 Results
Sanket Dewarkar / 08 May 2017
The bank's NII for the quarter came in at Rs 2707 crore, registering an increase of 2% QoQ.
Canara Bank reported its Q4FY17 standalone results today,
The bank's NII for the quarter came in at Rs 2707 crore, registering an increase of 2% QoQ.
Its gross NPAs for the period recorded a 3.4% QoQ decline to Rs 34202 crore. The gross NPA as a percentage of gross advances stood at 9.63% and NNPAs stood at 6.3%
The bank increased provisions for bad loans by 82.5% QoQ to Rs 2708 crore.
Its net profit for the quarter decreased by 33.5% to Rs.214 crore.
Canara Bank is a public sector Indian bank engaged in personal banking service, corporate banking, NRI banking and priority and SME credit services. The bank has 3235 branches spread across all geographical segments and 2216 ATMS all over India.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.