Canara Bank’s Q3 Profit After Tax (PAT) stands at Rs 3,656 crore, reflecting a YoY increase from Rs 2,881 crore.
Gross Non-Performing Assets (NPA) decreased to 4.39% from the previous quarter’s 4.76%.
Net NPA is down to 1.32% compared to the previous quarter’s 1.41%.
Net Interest Income (NII) increased by 9.5% YoY, reaching Rs 9,417 crore.
Pre-Provision Operating Profit (PPOP) decreased by 2.1% YoY, totaling Rs 6,806 crore.
Provisions increased by 9.7% YoY, reaching Rs 2,107 crore, with an estimated provision of Rs 1432.2 crore made for wage rate revision.
Net Interest Margins (NIMs) increased slightly to 3.03% from the previous quarter’s 3%.
Fresh slippages amounted to Rs 2,697 crore, showing a decrease from the previous quarter’s Rs 2,894 crore.
Slippage ratio improved to 0.31% from the previous quarter’s 0.33%.
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