Canara Bank has posted 72 per cent increase in net profit after tax to Rs 910.52 crore for the quarter ended September 30, 2009 from Rs 529.43 crore in the comparable period a year earlier.
The bank’s total income during the quarter increased 26 per cent to Rs 5,602.10 crore from Rs 4,447.97 crore in the corresponding period a year earlier
Net interest on advances increased 14.6 per cent to Rs 4,709.16 crore from Rs 4,109.20 crore a year earlier. Interest outgo was correspondingly higher at Rs 3,395.49 crore from Rs 2,960.23 crore a year earlier.
Revenues from the retail banking operations touched Rs 2,183.29 crore, increasing 40 per cent from Rs 1,564.33 crore a year earlier. Gross NPAs (Non-performing Assets) of the bank soared 63 per cent to Rs 2,347.63 crore in the quarter ending September 30 from Rs 1,436.68 crore a year ago. As a percentage of assets, gross NPAs stood at 1.60 per cent in comparison with 1.20 per cent a year earlier.