Q3FY22 Quarterly Result Announced for Canara Bank
Banking company Canara Bank declares Q3FY22 result: Key Highlights (9 Months period ended): Bank’s Global Business surpassed Rs.17,70,000 Crore Net Profit grew by 159.51%. Operating Profit grew by 16.72%. Non-Interest income grew by 17.74%. Global Business grew by 8.06%. Gross Advances grew by 9.28%. Domestic Business grew by 7.46%. CASA Deposits increased by 10.28 %. Savings Bank Deposits grew by 9.31%. Current Bank Deposits grew by 16.37%. Retail Credit grew by 10.02% with Housing loan at 14.82%. Fee based income grew by 21.54% CRAR stood at 14.80% as at Dec 2021 improved by 111 bps. CET1 stood at 10.12% as at Dec 2021 improved by 135 bps. Key Highlights (3 Months ended): Net Profit grew by 115.80%. Operating Profit grew by 10.16%. Net Interest income grew by 14.11% Key Highlights (3 Months ended) (Sep 2021 V/s Dec 2021) Net Interest income grew by 10.73%. Gross NPA Ratio stood at 7.80% down by 62 bps. Net NPA Ratio stood at 2.86% down by 35 bps. Provision Coverage Ratio (PCR) at 83.26 % improved by 82 bps. Result PDF27-01-2022
