Canara Bank net up 26 percent in third quarter

By IANS

Bangalore : State-owned Canara Bank posted a net profit of Rs.4.59 billion ($116 million) for the Oct-Dec quarter of fiscal 2007-08, registering 26 percent year-on-year (YoY) growth over the same period of last fiscal at Rs.3.63 billion ($92 million).


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In a notification to the stock exchanges here Wednesday, the bank said its total income for the quarter under review increased to Rs.410 billion from Rs.325 billion in the same quarter a year ago, posting a YoY growth of 26 percent.

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