State-owned Canara Bank on Wednesday reported consolidated net profit of Rs 739.20 crore in the third quarter (Q3) ended December of the current fiscal.

The Bank had earned a net profit of Rs 406.43 crore during the same period a year ago. The bank's total income (consolidated) during October-December period of 2020-21 rose to Rs 24,490.63 crore from Rs 15,531.80 crore, Canara Bank said in a regulatory filing.

''Figures of December 31, 2019, and March 31, 2020, are related to standalone Canara Bank financials to pre-amalgamated period, hence, not comparable with post amalgamation financials of September 30, 2020 and December 31, 2020,'' the bank said.

On asset front, the gross non-performing assets (NPAs) of the bank fell to 7.48 percent of the gross advances as of December 31, 2020, as against 8.40 percent by end of December 2019.

In value terms, the gross NPAs or bad loans were of the order of Rs 49,988.56 crore as against Rs 36,860.49 crore. Net NPAs were 2.65 per cent (Rs 16,796.15 crore), down from 5.05 per cent (Rs 21,377.86 crore). On a standalone basis, the net profit in Q3FY21 stood at Rs 696.06 crore as against Rs 329.62 crore. Total income was at Rs 21,479.86 crore, against Rs 14,001.63 crore on standalone basis.

Shares of Canara Bank traded at Rs 131.65 per share on the NSE in afternoon trade, down 1.50 percent from their previous close.

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