Canara Bank Q3, shares plunges over 4% despite Profit Rises 12% to Rs 4,104 crore
The Gross Non-Performing Assets (GNPA) ratio improved to 3.34% as of December 2024 from 4.39% as of December 2023.
Canara Bank Q3, shares plunges over 4 despite Profit Rises 12 to Rs 4,104 crore
State-owned Canara Bank declares Q3FY25 financial audit results, reporting a 12.25% growth in its standalone net profit to Rs 4,104 crore for three months ended December 2024. The bank had posted a net profit of Rs 3,656 crore in the year-ago period.
The bank's total income rose by 11.7% to Rs 36,114 crore in the October-December quarter of the current financial year (FY25) against Rs 32,334 crore in the previous year, according to a regulatory disclosure made to the stock exchanges.
The Gross Non-Performing Assets (GNPA) ratio improved to 3.34% as of December 2024 from 4.39% as of December 2023. Besides, the net non-performing assets (NNPA) ratio improved to 0.89% as of December 2024 from 1.32% as of December 2023.
Shares of the Canara Bank were trading lower by 4.86% on the NSE.
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