(PTI) Canara Bank on Monday reported 92 per cent leap in revenue at ₹2,882 crore for the quarter ended December 2022, helped by an increase in curiosity revenue and decline in dangerous loans.
Its internet revenue stood at ₹1,502 crore in the identical quarter of the previous monetary 12 months.
Total revenue elevated to ₹26,218 crore within the quarter from ₹21,312 crore within the year-ago interval, the state-owned financial institution stated in a regulatory submitting.
At the identical time, curiosity revenue rose to ₹22,231 crore as in opposition to ₹17,701 crore in the identical quarter a 12 months in the past.
On the asset high quality entrance, the financial institution recorded an enchancment with gross NPAs (Non-Performing Assets) declining to five.89 per cent as in comparison with 7.80 per cent on the finish of third quarter of 2021-22.
Net NPAs too eased to 1.96 per cent as in comparison with 2.86 per cent in the identical interval a 12 months in the past.
The capital adequacy ratio rose to 16.72 per cent in December quarter as in opposition to 14.80 per cent.
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