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Canara Bank net up 53 percent in third quarter
Friday, 23 January 2009, 21:34 IST
Bangalore: State-run Canara Bank posted net profit of 
7.02 billion (702 crore/$142.6 million) for the third quarter this fiscal, registering a whopping 53 percent year-on-year (YoY) growth.
Net profit in the corresponding period in 2007-08 was 4.59 billion, the bank said in a statement Friday.
Total income for the quarter under review increased to 53.83 billion from 40.96 billion a year ago, a growth of 32 percent.
Interest income increased 30 percent to 46.25 billion in the third quarter from 35.5 billion in the year-ago period.
Interest expended during the quarter is 33.81 billion as against 26.16 billion, an increase of 29 percent.
Source: IANS
7.02 billion (702 crore/$142.6 million) for the third quarter this fiscal, registering a whopping 53 percent year-on-year (YoY) growth.
Net profit in the corresponding period in 2007-08 was 4.59 billion, the bank said in a statement Friday.
Total income for the quarter under review increased to 53.83 billion from 40.96 billion a year ago, a growth of 32 percent.
Interest income increased 30 percent to 46.25 billion in the third quarter from 35.5 billion in the year-ago period.
Interest expended during the quarter is 33.81 billion as against 26.16 billion, an increase of 29 percent.
Source: IANS