Canara Bank net drops 21%

Canara Bank net drops 21%

BS Reporter / Bangalore January 28, 2012, 0:53 IST

Higher provisioning towards non-performing assets, depreciation in investments and lower net interest income saw Canara Bank’s net profit fall 21 per cent to Rs 876 crore for the quarter ended December 31, compared to the corresponding quarter of the previous financial year.