Total income of the bank was Rs 4,096.60 crore as against Rs 3,245.39 crore in previous fiscal same period, a rise of 26 per cent,

Likewise, bank’s net profit for nine-month period ended December 31, 2007 at Rs 1,100.95 crore saw a growth of 20 per cent against Rs 915.72 crore for corresponding period a year ago. The operating profit during the reporting quarter was Rs 757.83 crore as against Rs 685.74 crore of previous fiscal recording a growth of 20 per cent year on year. The operating profit, for nine-month period in the current fiscal stood at Rs 2,020.21 crore as against Rs 1,860.35 crore in the previous fiscal’s corresponding period.

Boosting profits
Briefing reporters, Chairman & Managing Director M B N Rao said, the bank, as part of its strategic focus has been shedding high cost deposits and low yielding short term corporate loans and containing retail loans, all of which have borne fruit. The bank’s aggregate business during reporting quarter, Mr Rao said, registered a 9 per cent growth at Rs 2,42,733 crore as against Rs 2,22,504 crore in the previous fiscal corresponding quarter.

Further, the bank’s healthy show, he said, has been buttressed by robust total income for the nine-month period, registering 33 per cent growth to touch Rs 1,19,111.33 crore as against Rs 8,978.80 crore  for same period in the previous fiscal.

Canara Bank’s interest income from core lending operations registered a 20 per cent growth  during the reporting quarter at Rs 3,550.16 crore as against Rs 2,961.36 crore in the previous fiscal quarter.