Canara Bank Q3 bottomline falls 26%

Canara Bank has posted a 26% dip in net profit to Rs 273.98 crore for the third quarter ended December 31, 2004 as compared to Rs 372.69 crore in the same period last year.

According to a release issued to the BSE, the total income has increased marginally by 1.31% to Rs 2230.73 crore for the quarter ended December 31, 2004 from Rs 2201.80 crore in Q3-03.

The board of directors of Canara Bank at their meeting held on January 24, 2005 has declared an interim dividend of 25% for the year 2004-2005.

The release further added that the bank has set February 14, 2005 as record date for the purpose of payment of interim dividend.