• Canara Bank’s consolidated net revenues (net interest income plus other income) decreased by 4.3% quarter-on-quarter (QoQ) during the quarter ended December (Q3FY22). On a year-on-year (YoY) basis, it witnessed a decline of 6.3%.
  • Provisions & contingencies decreased by 33.2% QoQ and 46.7% YoY basis.
  • While the net profit grew by 26.1% QoQ during the December 2021 quarter, it increased by 121% on a YoY basis.
  • The bank’s capital adequacy ratio (CAR) stood at 14.88% in Dec 2021 quarter.
  • Net non-performing assets (NPAs) stood at 2.87% as of Dec 2021.

Canara Bank’s financial statements for Q3FY22:

(Rs, crores) Q3FY21 Q2FY22 Q3FY22 QoQ (%) YoY (%)
Total Income 24,376.2 23,876.0 22,843.5 -4.3% -6.3%
Total Expenses 19,058.4 18,496.4 16,901.5 -8.6% -11.3%
Provisions & contingencies 4,212.9 3,360.7 2,246.1 -33.2% -46.7%
Profit before tax 1,104.9 2,018.9 2,341.0 16.0% 111.9%
Tax 365.7 918.3 710.3 -22.7% 94.2%
Profit after tax 749.7 1,314.4 1,657.1 26.1% 121.0%
Earnings per share 5.0 7.7 9.1    

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