Canara Bank Q2 profit down by 15.63 percent

Canara Bank Q2 profit down by 15.63 percent

Canara Bank Q2 profit down by 15.63 percent
Canara Bank on Monday said it posted a stand-alone net profit of Rs.528.86 crore for the second quarter of 2015-16 against a net profit of Rs.626.84 crore in the same period last year.

Net profit declined by 15.63 percent on a quarter-on-quarter basis. According to the unaudited stand-alone financial results posted on the Bombay Stock Exchange (BSE), the bank's total income from operations increased to Rs.12,477.95 crore against Rs.11,915.21 crore recorded in Q2 2014-15.
Canara bank incurred a total expenditure of Rs.10,533.85 crore in the quarter under review against Rs.10,289.67 crore.

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