Analysts mixed on Canara Bank Q2 PAT as impact of merger uncertain MakeMyTrip operating loss narrows to $12.9 million in second quarter

Analysts are mixed on Canara Bank's earnings for the September quarter, largely due to uncertainty regarding the impact of the merger of Syndicate Bank with it, effective Apr 1. For the same reasons, earnings of the bank are not entirely comparable on year. The state-owned bank had posted a profit af ter tax of 3.65 bln rupees in the year-ago period, and of 4.06 bln rupees in Apr-Jun.

Leading online travel firm MakeMyTrip on Tuesday said its adjusted operating loss narrowed to USD 12.9 million (around Rs 95 crore) in the second quarter ending September 30. The company had reported adjusted operating loss of USD 19.3 million (over Rs 140 crore) for the corresponding period previous fiscal, MakeMyTrip said in a statement.