Canara Bank, the public sector lender, reported a rise of 0.49% in fourth quarter of fiscal 2015. The bank reported a profit of Rs 6.13 billion for the quarter ended Mar. 31, 2015, compared with Rs 6.11 billion, a year ago.
Quarterly income totaled at Rs 124.3 billion, an increase of 7.06% over Rs 116.1 billion in the same period a year ago.
The bank has made provision of Rs 10.09 billion, which was lower by 7.52% from prior year period.
Net NPA was at Rs 87.40 billion for the quarter ended Mar. 31, 2015, as compared to Rs 59.65 billion in the same period last year, representing an increase of 46.52%. In percentage term, net NPAs were at 2.65% at the end of the quarter higher than 1.98% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 10.56% as on Mar. 31, 2015.
Shares of the bank declined Rs 16.3, or 4.61%, to trade at Rs 337. The total volume of shares traded was 560,177 at the BSE (3.22 p.m., Monday).