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Government bank Canara has announced its quarterly results. The company has informed in the exchange filing that its profits have increased. The bank's profit has increased from Rs 3656 crore to Rs 4104 crore on an annual basis.
There has been a decline in the bank's interest income (NII). The company's interest income has come down from Rs 9,417 crore to Rs 9,149 crore. These NII figures are given on an annual basis.
Talking about the bank's gross NPA, it has also declined. Gross NPA has come down from 3.73% to 3.34% on a quarter-on-quarter basis. Net NPA has also come down from 0.99% to 0.89% on a quarter-on-quarter basis. Details on NPA A positive trend has been seen in the asset quality of Canara Bank. The non-performing assets (GNPA) ratio has been 3.34%. It shows an increase of 105 basis points compared to last year. The net NPA ratio was 0.89%, which has improved by 43 basis points. The provision coverage ratio (PCR) showed an improvement of 225 basis points and stood at 91.26%. If we look at the stock performance of the company, it has given a return of 93% in 3 years. The 52 week high of the stock is 129.35 and the 52 week low is 87.75. The market cap of the bank is Rs 84,402.41 crore. The face value of the stock is Rs 2. This stock is listed in BSE100.