Canara Bank posts ₹1,010 cr. Q4 net profit
The Hindu
Canara Bank reported fourth quarter net profit of ₹1,010 crore as against a net loss of ₹6,567 crore in the corresponding year-earlier period. The bank also posted a net profit of ₹2,557 crore for FY2
Canara Bank reported fourth quarter net profit of ₹1,010 crore as against a net loss of ₹6,567 crore in the corresponding year-earlier period. The bank also posted a net profit of ₹2,557 crore for FY21 over a net loss of ₹5,838 crore in the previous year. Gross non-performing assets (NPAs) stood at ₹60,288 crore as of March 31, while net NPA was ₹24,442 crore. In percentage terms, gross NPA fell 46 basis points to 9.93% of total advances, while net NPA declined 52 basis points to 3.82%. In FY21, the bank’s global business stood at ₹16,86,030 crore, a y-o-y increase of 8.23%. The lender saw its global deposits at ₹10,10,875 crore and global advances (gross) at ₹6,75,155 crore grow 11.50% and 3.68%, respectively. Domestic deposit rose to ₹9,63,306 crore at 10.74% y-o-y, while domestic advances (gross) increased 5.51% to ₹6,52,558 crore.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.