Canara Bank's Q1 net profit increased 8.79% to Rs 4,067.51 crore, with improved asset quality and NII growth.
Canara Bank's Q1 net profit rose 8.79% to Rs 4,067.51 crore, with a total operating income at Rs 29,172.97 crore, an increase of 14.63% compared to the previous quarter. Standalone net profit increased by 10.5% YoY to Rs 3,905 crore in Q1FY25, while NII grew by 6% YoY to Rs 9,166 crore. Asset quality improved, with gross NPAs decreasing to 4.14% and net NPAs falling to 1.24%.
July 25, 2024
3 Articles