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.
Government to release new series of retail inflation, GDP data from February, IIP from May next year
The Indian government will release new macroeconomic data series, including GDP and inflation, starting February 2026.
Granules India secures U.S. FDA tentative approval for its ADHD generic, enhancing access to critical therapy and expanding its generics portfolio.
Italy’s competition authority (AGCM) said on Monday it had fined U.S technology giant Apple and two of its divisions 98.6 million euros ($115.53 million) over alleged abuse of their dominant position in the mobile app market.
India denies duty concessions on dairy imports from New Zealand in recent trade pact negotiations, prioritizing local farmers' protection.
India-New Zealand free trade agreement offers zero-duty access, $20 billion investment pledge, and enhanced trade in multiple sectors.
India and New Zealand finalise a trade deal, enhancing exports and fostering economic growth between the two nations.
Stock markets rise as foreign fund inflows boost investor confidence, with major gains from Infosys, Tata Steel, and Tech Mahindra.
Warner Bros. Discovery is in the middle of a Hollywood tug-of-war between Netflix and Paramount.
Explore the pitfalls of misvestment and discover how to make informed investment decisions for long-term wealth growth.
Market valuations of top firms rose by ₹75,257 crore, with TCS and Infosys leading the gains last week.
IIFL Finance appoints ex-RBI Deputy Governor B. P. Kanungo as chairman, enhancing governance and strategic direction for stakeholders.
SEBI plans to form a working group to enhance liquidity and review non-agricultural commodity derivatives, boosting market attractiveness.
Space sector opened up to private participation in June 2020