Canara Bank faces year to year loses in profit rate for Second Quarter
Canara Bank faces year to year loses in profit rate for Second Quarter
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The profit rate for the Quarter 2 for the Canara Bank India pvt limited was revealed today. The bank didn’t do well if talk about the yearly basis but on the sequential basis the profit was modest for the Bank. On the year to year basis the bank fell down to 32% loss of Rs. 356.91 crore but increased heavily in the quarter to quarter fiscal to 56 per cent.

Net interest income during the quarter declined 7.7 percent to Rs.2,442.35 crore. These figures were still about 5.8 per cent up then that of the year ago figure.

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