Canara Bank - Q2FY13 Result First-Cut - Microsec

Canara Bank Ltd has announced its Q2FY13 result on 6th November 2012.

The bank's total income marginally increased by 1.13% QoQ and decreased by 7.89% YoY to INR2564.87 crores. It is mainly because of 0.25% and 26.10 YoY de-growth in its Net Interest Income (NII) and Other Income respectively. Whereas, Profit After Tax (PAT) decreased by 14.74% QoQ and 22.45% YoY to INR660.97 crores.

During the quarter, Bank's loans book marginally decreased by 0.15% YoY to INR215751.01 crores. Whereas, total deposits expanded by 7.99% YoY to INR336761.62 crores. On the assets quality front, bank asset quality is still the matter of concern. GNPA and NNPA increased by 60 and 46bps QoQ and 83 and 70bps YoY to 2.58% and 2.12% respectively. However, Capital Adequacy Raito (CAR) is 407bps or 4.07% higher than the regulator stipulated norm.

Source : Equity Bulls

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