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Business EconomyPosted at: Oct 29 2024 4:44PM


Canara Bank net up over 11 per cent at Rs 4,014 crore in Q2

New Delhi, Oct 29 (UNI) Government owned lender Canara Bank today reported over 11.31 per cent jump in net profit y-o-y basis at Rs 4,014 crore in the second quarter (July-Septemebr) of the current financial year.
Domestic Deposit of the Bank stood at Rs 1238713 crore as at September 2024 with growth of 8.34 per cent y-o-y basis, the Bank said in a release.
Global Business of the Bank registered a growth of 9.42 per cent y-o-y to Rs 2359344 crore as at September 2024 with Global Deposits at Rs 1347347 crore 9.34 per cent up and Global Advance (gross) at Rs 1011997 crore up 9.53 per cent y-o-y basis.
Gross NPA Ratio stood at 3.73 per cent showing an improvement of 103 bps, the Bank said adding Net NPA ratio stood at 0.99 per cent improved by 42 bps during the quarter under consideration.
As on 30.09.2024, the Bank has 9658 Number of Branches, out of which 3115 are Rural, 2778 Semi- Urban, 1918 Urban & 1847 Metro along with 9881 ATMs. Bank is also having 4 Overseas Branches in London, New York, Dubai and IBU Gift City.
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