Canara Bank’s profit jumps to ₹1,333 crore

State-run Canara Bank on Tuesday reported over two fold jump in its net profit at ₹1,332.61 crore in second quarter ended September of this fiscal. The bank had posted net profit of ₹444.41 crore in the same period of the previous fiscal year.

Total income of the bank also rose to ₹21,331.49 crore during the period of 2021-22, as against ₹20,793.92 crore in same period of 2020-21, Canara Bank said.

Bank’s gross non-performing assets (NPAs) were a tad up at 8.42% of the gross advances as of September 30, 2021, as against 8.23% by end of September 2020.