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Canara Bank Q3 net rises 115.8% on steady growth in NII, dip in provisions

The bank's NII grew by 14.11 per cent to Rs 6,946 crore in Q3FY22 as against Rs 6,087 crore in Q3FY21.

Canara Bank
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BS Reporter Mumbai
Canara Bank’s net profit rose by 115.8 per cent year on year at Rs 1,502 crore for the third quarter ended December 2021 (Q3FY22) on steady growth in Net Interest Income (NII) and dip in provisions.

The net profit was Rs 696 crore in Q3FY21 and Rs 1,333 crore in the second quarter ended September 2021 (Q2FY22).

Bengaluru-based lender's stock was trading 6 per cent higher at Rs 234.5 per share on BSE.

The bank's NII grew by 14.11 per cent to Rs 6,946 crore in Q3FY22 as against Rs 6,087 crore in Q3FY21. Sequentially, growth was 10.73 per cent

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First Published: Jan 27 2022 | 1:38 PM IST

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