Mumbai, May, 10: The Bangalore based Public Sector Bank, Canara Bank's fourth quarter net profit dropped down by 7.7 % to Rs 829.09 crores.
The bank having history of more than 100 years of successful operation, has reported 7.7 % rise in net profit for 2011-12 at Rs 829.09 crores from Rs 898.90 crore in the previous fiscal.
The lender has reported 12.29 % jump in total income for 2011-12, which has increased to Rs 9036.75 crore from Rs 7350.59 crore last year. Its net profit margin (NPM) falls to 10.03 % at the quarter ended in March, 2012 against the 11.21 % in same period last year.
Total business of the Bangalore-headquartered bank has posted a net profit of Rs. 3282.72 crores for the year ended March 31, 2012 as compared to Rs. 4025.89 crores for the year ended March 31, 2011. Total Income has increased from Rs. 25751.53 crores for the year ended March 31, 2011 to Rs. 33778.22 crores for the year ended March 31, 2012
Gross NPA of the PSU lender has grown by 1.73 % to Rs 4081.59 in quarter ended in March from 1.49% in last year.
The Bank board of directors has recommended a Dividend at 110%, Rs. 11 per equity share of the face value of Rs. 10/- for the year ended March 31, 2012.
The lender has reported 6.14 % rise in net profit for Q4 of FY 2011-12 at Rs 829.09 crores from Rs 781.20 crore in the previous quarter Q3of FY12.
The result of PSU lender is not up to the expectation but it has performed better than last quarter and that’s way its share are trailing at Rs 413.25 up by 6.5 % on BSE at 2:40 PM local time.
Mumbai, May, 10: The Bangalore based Public Sector Bank, Canara Bank's fourth quarter net profit dropped down by 7.7 % to Rs 829.09 crores.
The bank having history of more than 100 years of successful operation, has reported 7.7 % rise in net profit for 2011-12 at Rs 829.09 crores from Rs 898.90 crore in the previous fiscal.
The lender has reported 12.29 % jump in total income for 2011-12, which has increased to Rs 9036.75 crore from Rs 7350.59 crore last year. Its net profit margin (NPM) falls to 10.03 % at the quarter ended in March, 2012 against the 11.21 % in same period last year.
Total business of the Bangalore-headquartered bank has posted a net profit of Rs. 3282.72 crores for the year ended March 31, 2012 as compared to Rs. 4025.89 crores for the year ended March 31, 2011.
Total Income has increased from Rs. 25751.53 crores for the year ended March 31, 2011 to Rs. 33778.22 crores for the year ended March 31, 2012Gross NPA of the PSU lender has grown by 1.73 % to Rs 4081.59 in quarter ended in March from 1.49% in last year.
The Bank board of directors has recommended a Dividend at 110%, Rs. 11 per equity share of the face value of Rs. 10/- for the year ended March 31, 2012. The lender has reported 6.14 % rise in net profit for Q4 of FY 2011-12 at Rs 829.09 crores from Rs 781.20 crore in the previous quarter Q3of FY12.
The result of PSU lender is not up to the expectation but it has performed better than last quarter and that’s way its share are trailing at Rs 413.25 up by 6.5 % on BSE at 2:40 PM local time.
