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Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY
BUSINESS ECONOMICS
|February 1 - 29, 2024
Canara Bank's Net gained by 26.86% YoY in Q3 Cantareata Profit FY24.
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Net Profit for Q3 FY24 stood at ₹3,656 Crore against Net Profit of ₹2882 Crore for Q3 FY23. Its Global Business stood at ₹22,13,360 Crore, gaining by 9.87% YoY. The bank's Gross Advances stood at ₹9,50,430 Crore, grew by 11.69%, while Net DnA K. Satyanarayana Raju, MD and CEO Interest Income (NII) stood at ₹9,417 Crore, grew by 9.50%. Net Interest Margin stood at 3.02%, improving by 9 bps.
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