• Canara Bank’s consolidated net revenues (net interest income plus other income) increased by 3.7% quarter-on-quarter (QoQ) during the quarter ended September (Q2FY22). On a year-on-year (YoY) basis, it witnessed a growth of 5.5%.
  • Provisions & contingencies decreased by 3% QoQ and 15.5% YoY basis.
  • While the net profit increased by 6.5% QoQ during the Sept 2021 quarter, it increased substantially by 181.8% on a YoY basis.
  • The bank’s capital adequacy ratio (CAR) stood at 14.5% in Sept 2021 quarter versus 12.9% in Sept 2020 quarter.
  • Net non-performing assets (NPAs) stood at 3.2% as on Sept 2021.

Canara Bank’s Financial Statements for Q2FY22:

(Rs, crores) Q2FY21 Q1FY22 Q2FY22 QoQ (%) YoY (%)
Total Income 22,638.3 23,019.0 23,876.0 3.7% 5.5%
Total Expenses 18,011.2 17,608.7 18,496.4 5.0% 2.7%
Provisions & contingencies 3,978.6 3,463.7 3,360.7 -3.0% -15.5%
Profit before tax 648.5 1,946.6 2,018.9 3.7% 211.3%
Tax 182.6 851.8 918.3 7.8% 402.9%
Profit after tax 466.4 1,234.5 1,314.4 6.5% 181.8%
Earnings per share 3.2 7.5 7.7    

Data Source: BSE, Company announcements

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The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results