Canara Bank net profit up 34%

Canara Bank reported a rise in its consolidated net profit to Rs 4,034.19 cr.

Leading public sector lender Canara Bank today reported a 34.48 per cent rise in its consolidated net profit to Rs 4,034.19 crore for the year-ended March 31,2011.

The bank had a net profit of Rs 2,999.7 crore in the corresponding period of the previous year,it said in a filing on the Bombay Stock Exchange (BSE).

Total income of the Bangalore-headquartered bank on a consolidated basis improved 18.92 per cent to Rs 25,792.6 crore as at March 2011,as against Rs 21,687.89 crore in the year-ago period.

Story continues below this ad

Total deposits during the period grew 25.27 per cent to Rs 2,93,793.92 crore and advances 25.48 per cent to Rs 2,12,647.38 crore.

Canara Bank’s shares were trading up 0.79 per cent at Rs 534.35 on the BSE.

Why TikTok escaped Nepal’s social media ban and the list of sites that went dark

World59 min ago

Nepal has imposed strict internet restrictions, blocking access to over two dozen social media platforms for failing to register with authorities. This sparked protests by young people, leading to a curfew and deployment of the army. TikTok was the only major platform still accessible, having complied with registration and government oversight.

View all shorts

Live Blog