Canara Bank Q3 profit rises 26% to ₹5,155 crore
pre-market1 source ↓written by the desknot a recommendation
- in standalone net
- 26% YoY increase
- for Q3
- ₹5,155 crore
- interest income rose
- 1%
- ₹9,252 crore
- global business grew
- 13% YoY
Canara Bank reported a 26% YoY increase in standalone net profit to ₹5,155 crore for Q3. Net interest income rose 1% to ₹9,252 crore. The bank's global business grew 13% YoY to ₹27.13 lakh crore, with asset quality improving as the gross NPA ratio fell to 2.08%. 📈
This strong performance reflects robust growth in retail and MSME segments, which may boost investor sentiment in the banking sector.
Not investment advice. For informational purposes only.