Canara Bank Ltd - Q4FY12 Result First Cut - Microsec Research

Canara Bank Ltd has announced its Q4FY12 along with Annual FY12 result on 10th May 2012.

On the quarterly basis, the bank's total income increased by 4.14% QoQ and decreased by 3.31% YoY to INR2809.42 crores. Profit After Tax (PAT) decreased by 5.31% QoQ and 7.77% YoY to INR829.09 crores. For the whole year of FY12, the bank's total income increased by 1.01% YoY to INR10616.91 crores whereas, Profit After Tax (PAT) decreased by 18.46% YoY to INR3282.72 crores.

The Bank has reported a growth in advances by 6.04% QoQ and 10.04% YoY to INR232489.82 crores and a growth in deposits by 3.68% QoQ and 11.46% YoY to INR327053.73 crores. On the assets quality front, bank's NNPA and GNPA stood at 1.46% and 1.73%, improved by 3 and 8bps QoQ respectively. Moreover, Capital Adequacy Ratio (CAR) stood at 13.76%, which is 4.76% higher than the regulator's stipulated norm of 9%.

The Board of Directors have recommended a dividend of 110% for the year ended 31st March 2012.

Source : Equity Bulls

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