Canara Bank Q1 net up 26%

Canara Bank has recorded a standalone net profit of Rs 240.55 crore during the first quarter ending June 30, 2007 - a growth of 26% compared to the corresponding period last year.

Interest income for the period went up 34.5% to Rs 3,379.97 crore, and interest expended went up 58.85% to Rs 2,485 crore, according to a release issued by the bank to the National Stock Exchange today.