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Canara Bank standalone net profit jumps 65% in Q4 to reach Rs 1,666 crore
State-claimed Canara Bank on Friday revealed a 65 percent bounce in its independent net benefit at Rs 1,666.22 crore for quarter finished March 2022. The Bengaluru-settled bank had posted a net benefit of Rs 1,010.87 crore in a similar quarter a year prior. Absolute pay of the bank in the January-March time of 2021-22 rose to Rs 22,323.11 crore, from Rs 21,040.63 crore in a similar time of 2020-21, Canara Bank said in an administrative recording. On the resource quality front, the bank's net non-performing resources (NPAs) or terrible credits tumbled to 7.51 percent of the net advances toward the finish of March 2022, as
against 8.93 percent toward the finish of March 2021. In esteem terms, the gross NPAs were worth Rs 55,651.58 crore, down from Rs 60,287.84 crore. Net NPAs additionally got better at 2.65 percent (Rs 18,668.02 crore) in the quarter under survey, from 3.82 percent (Rs 24,442.07 crore). Arrangements and possibilities for the quarter were higher at Rs 3,708.68 crore, as against Rs 3,652.18 crore set to the side for the year-prior period. Of this, the arrangement for awful credits remained at Rs 2,129.73 crore for Q4FY22....KNOW MORE