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Canara Bank Q3 net profit climbs 12%
Financial Express Kochi
|January 28, 2025
NII DECLINES, NIM UNDER STRESS
CANARA BANK ON Monday reported a 12.25% year-on-year increase in its net profit to ₹4,104 crore for the quarter ended December, compared with ₹3,656 crore in the year-ago period.
Shares of the lender ended 4% lower at ₹92.91 on the NSE.
Total interest income rose 8% YoY to ₹30,312 crore, while interest expenses grew at a faster pace of 14% to ₹21,163 crore. Net interest income declined by 3% to ₹9,149 crore, primarily due to a 29% drop in other interest income, which stood at ₹1,680 crore.
Dit verhaal komt uit de January 28, 2025-editie van Financial Express Kochi.
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