Canara Bank : Q4FY17 Results
Canara Bank reported its Q4FY17 standalone results today,
The bank's NII for the quarter came in at Rs 2707 crore, registering an increase of 2% QoQ.
Its gross NPAs for the period recorded a 3.4% QoQ decline to Rs 34202 crore. The gross NPA as a percentage of gross advances stood at 9.63% and NNPAs stood at 6.3%
The bank increased provisions for bad loans by 82.5% QoQ to Rs 2708 crore.
Its net profit for the quarter decreased by 33.5% to Rs.214 crore.
Canara Bank is a public sector Indian bank engaged in personal banking service, corporate banking, NRI banking and priority and SME credit services. The bank has 3235 branches spread across all geographical segments and 2216 ATMS all over India.