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Canara Bank Profit Rises 12% on Non-Core Income
January 28, 2025
|The New Indian Express Jeypore
CANARA BANK on Monday posted a 12% rise in net profit to ₹4,104 crore for the December quarter despite a poor show on margins and net interest income.
Higher non-core income and better asset quality led to lower provisions for dud assets boosted state-run lender's net profit. The management of the Bengaluru-based lender told reporters in a concall on Monday that the fee income of the bank grew by 23.3% to ₹2,185 crore while the cor
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