Canara Bank Q4 profit rises 18 pc

(20 second reading) State-owned Canara Bank reported an 18 per cent rise in net profit to Rs 3,757 crore during the fourth quarter ended March 2024 on the back of improvement in core income and reduction in bad loans. The bank had earned a net profit of Rs 3,175 crore in the year-ago period.
During the quarter, the bank’s total income increased to Rs 34,025 crore as against Rs 28,685 crore a year ago, Canara Bank said.
Interest income grew to Rs 28,807 crore during the period under review from Rs 23,910 crore in the corresponding quarter a year ago.