Canara Bank's Q3 profit rises 280%; shares fall
Canara Bank on Friday reported 279% rise in its net profit for third quarter ended December 31, 2016. The bank said that net profit for the given quarter stood at Rs 321.88 crore, a rise of 279.26% from Rs 84.87 crore for the corresponding period of the previous year.
Gross non-performing assets (GNPA) was at 9.97%, expanding by 413 basis points yoy and 16 basis points qoq. Photo: Youtube