27-July-2024
Corporate News
 
Canara Bank Q1 Results: Profit rises by 10.5% YoY at Rs 3,905.28 crore, NII at Rs 9166 crore
26-Jul-2024

Canara Bank on Thursday recorded fiscal first quarter earnings with standalone profit at Rs 3,905.28 crore, up 10.5 per cent in comparison to Rs 3,534.84 crore recorded during the corresponding quarter of previous financial year, missing estimates. The net interest earned was at Rs 28,701.35 crore, up 14.8 per cent as against Rs 25,004.07 crore during Q1FY24. The Bank recorded Net Interest Income (NII) at Rs 9,166 crore. On a consolidated basis, Q1 profit was at Rs 3,977.22 crore, up 11.3 per cent as against Rs 3,573.50 crore during the same period last year. Canara Bank posted global business at Rs 23,10,350 crore, up 11.07 per cent YoY and global deposits came in at Rs 13,35,167 crore, up 11.97 per cent YoY. Global advances (gross) stood at Rs 9,75,183 crore, up 9.86 per cent YoY. Meanwhile, domestic deposit during the quarter was recorded at Rs 12,31,184 crore, up 11.47 per cent YoY and domestic advances (gross) came in at Rs 9,20,334 crore, up 9.17 per cent YoY.

News Source:- https://www.financialexpress.com/business/industry-canara-bank-q1-results-profit-rises-by-10-5-yoy-at-rs-390528-crore-nii-at-rs-9166-crore-3564841/