NEWS & ADVICE : HOME LOANS
Canara Bank earned a profit of 60%.
By Neelima Shankar
Feb 6, 2015
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Recently Canara Bank has reported a profit of Rs 656 crore as against Rs 409 crore in the year-ago period. Bank has gained a profit of 60% by the end of December 2014. The net interest income of the bank has increased by 7%, it went up to Rs 2380 crore from Rs 2227 crore.

Further Non-interest income, comprising commission and exchange, profit from foreign exchange transactions, and trading profit, rose 38 per cent to Rs 1,176 crore from rs 851 crore. Global net interest margin (net interest income/ total assets) improved to 2.24 per cent.


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