Canara Bank Q1 results, Net Profit up by 10.47% YoY
The Bank’s Global Deposit stood at Rs. 13,35,167 cr grew by 11.97% and the Gross Advances stood at Rs. 9,75,183 cr grew by 9.86%, in terms of business growth.

Public Sector Lender Canara Bank has announced the financial quarterly results of ending 30th June, 2024 where Net Profit stood at Rs. 3,905 cr grew by 10.47% and the Global Business stood at Rs. 23,10,350 cr grew by 11.07%.
The Bank’s Global Deposit stood at Rs. 13,35,167 cr grew by 11.97% and the Gross Advances stood at Rs. 9,75,183 cr grew by 9.86%, in terms of business growth.
In respect to Capital Adequacy, CRAR stood at 16.38% as at June 2024 (16.28% as at Mar 2024). Out of which Tier-I is 14.37% (13.95% as at Mar 2024), CET1 is 12.05% (11.58% as of Mar 2024) and Tier-II is 2.01% (2.33% as at Mar 2024).
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With respect to asset quality, Gross Non-Performing Assets (GNPA) ratio reduced to 4.14% as at June 2024 down from 4.23% as at Mar 2024, and 5.15% as of June 2023. The Net Non-Performing Assets (NNPA) ratio reduced to 1.24% as at June 2024 down from 1.27% as at Mar 2024, and 1.57% as at June 2023.
Provision Coverage Ratio (PCR) stood at 89.22% as of June 2024 against 89.10% as of Mar 2024, and 88.04% as of June 2023.
Additionally, the Bank has achieved Targets in Priority Sector at 44.95% and Agricultural Credit at 22.02% of ANBC as of June 2024, as against the norm of 40% and 18% respectively.
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