Canara Bank Q2 profit down by 15.63 percent

Bengaluru, Nov 9 (IANS) 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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