Canara Bank reported a 190 percent growth in standalone net profit at Rs 1,177.47cr for the quarter ended June 30 compared to Rs 406.24cr in the corresponding quarter of the quarter previous financial year. The Operating Profit grew by 34.18 percent and stood at Rs.5751 Crore. The Non-Interest Income grew by 67.47%, and the Fee-based income witnessed a growth of 43.61%.
The Global Business increased by 9.38% YOY to Rs 1706422 Crore as of June 2021, with Global Deposits at Rs 1021837 Crore YOY. The Global Advance (gross) stood at Rs 684585 Crore. The Domestic Deposit of the Bank stood at Rs 970481 Crore as of June 2021, with a growth of 11.60% YOY. The gross Non-Performing Assets (GNPA) ratio stood at 8.50% as of June 2021 as against 8.93% in March 2021, 8.84% as of June 2020. The Bank has achieved Targets in Priority Sector at 45.47% and Agricultural Credit at 20.93% of ANBC as of June 2021, as against 40% and 18%. Bank has opened 138 lakhs accounts under PMJDY and mobilized CASA deposits of Rs 6103 Crore as of June 2021.
As of June 30, the Bank has 9877 Branches, out of which 3047 are Rural, 2853 Semi-Urban, 1973 Urban & 2004 Metro, along with 11819 ATMs.