 "Canara Bank")
Public sector lender Canara Bank on Thursday reported a marginal rise in net profit as asset quality improved for the bank with lesser outgo towards provisioning during the third quarter of current financial year.
The Bengaluru-headquartered firm posted profit before tax (PBT) of Rs 531.42 crore in Q3, a rise of around 40 per cent as against Rs 379.90 crore reported a year ago.
Net profit of the firm rose 3.77 per cent at Rs 330 crore, as against Rs 317.52 crore reported a year ago. Sequentially, profit declined 9.67 per cent. Rise in profit was mostly attributed to lesser outgo towards
