Canara Bank net declines 17% at Rs 3,341 in FY12

State-run Canara Bank today posted 17% dip in its consolidated net profit at Rs 3,341.69 crore for 2011-12 fiscal.

For the year ended March 31, 2011, the bank had a net profit of Rs 4,034.19 crore, it said in a filing to the BSE.

During 2011-12, Canara Bank's total income rose by 31% to Rs 33,920.15 crore from Rs 25,834.14 crore in the previous fiscal.

The banks's net interest income fell by one% to Rs 7,656.17 crore year-on-year, while non-interest income showed a rise of 10% at Rs 3,104.51 crore.

In the reported year, its operating profit stood at Rs 5,941.80 crore against Rs 5,973.14 crore in the comparable period.

Shares of Canara Bank were trading at Rs 386.15, down 1.52% from its previous close on the BSE.