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Canara Bank Q1 net profit up 82%

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Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 3:38 AM IST

State-owned Canara Bank today reported a 82.48 per cent jump in net profit for the first quarter ended June 30 at Rs 1,013.37 crore.

It had a net profit of Rs 555.33 crore in the corresponding quarter of the last fiscal, Canara Bank said in a filing to the Bombay Stock Exchange.

The lender also reported an increase of 17.15 per cent in total income for the first quarter at Rs 5,894.85 crore, against Rs 5,031.95 crore in the year-ago period.

Canara Bank's revenue from the treasury segment during the three months ended June 30 rose 40.35 per cent to Rs 1,565.49 crore.

It had reported a revenue of Rs 1,115.39 crore from the segment in the first quarter of 2009-10.

The bank's retail banking operations in the first quarter of this fiscal, however, saw a dip of 11.02 per cent at Rs 1,496.20 crore, from Rs 1,681.58 crore in the year-ago period.

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First Published: Jul 17 2010 | 2:01 PM IST

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