"Nasdaq Stock Market" declare : India's Canara Bank posts Q4 profit on lower bad loan provisions

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Canara Bank posts Rs 214 cr net profit

Canara Bank has posted a net profit of Rs 214 crore for the fourth quarter (Q4) of financial year 2016-17 against a net loss of Rs 3,905.49 crore in the same period last year. Segment-wise revenueTreasury operations stood at Rs 4,264.61 crore (Rs 3,208.46 crore), retail banking operations Rs 4,000.10 crore (Rs 4,539.65 crore), wholesale banking operations Rs 4,486.56 crore (Rs 4,201.46 crore) and unallocated revenue at Rs 137.94 crore (166.57 crore)For the whole year (2016-17), the bank has posted a standalone net profit of Rs 1,121.92 crore compared with a loss of (Rs 2,812.82 crore) in the same period last year. Q4 total income was flat at Rs 12,889.20 crore against Rs 12,116.14 crore in the same period last year. Total income was flat at Rs 48,942.04 crore against Rs 48,897.36 crore. EPS basic stood at Rs 3.92, while last year it was negative at (Rs 71.92).




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