Canara Bank has reported 5.29 per cent lower profits at Rs 625.94 crore for the second quarter of the financial year 2013-14 compared with Rs 660.97 crore in the same period last year.
Total income of the bank for the second quarter is higher by 13.29 per cent at Rs 10,427.48 crore compared with Rs 9,203.61 crore recorded in the same quarter last year. EPS stood at 14.13 against 14.92 recorded last year.
Bank’s gross NPA for Q2 is Rs 7,475.07 crore (last year Rs 5,609.53 crore). Percentage of gross NPA 2.64 per cent (2.58 per cent). Net NPA is Rs 6,459.30 crore (last year Rs 4,568.57 crore). Percentage of net NPA 2.30 per cent (2.12 per cent).
Segment revenue: treasury operations Rs 2,544.47 crore (last year Rs 2,537.54), retail banking operations Rs 2,628.28 crore (Rs 2,487.18 crore), wholesale banking operations Rs 5,102.89 crore (Rs 4,133.04 crore), other banking operations Rs nil (Rs nil) and unallocated Rs 151.84 crore (Rs 45.85 crore).
Pref allotment
Canara Bank’s board of directors at its meeting today has approved the proposal regarding raising of capital by way of Preferential Allotment of Equity Shares in favour of the Government of India amounting to Rs 500 crore.
Further, the board has delegated the authority to the Chairman and Managing Director of the bank to decide on the matters connected with capital rising.
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