Latest News | Canara Bank Shares Climb Nearly 2 Pc After Q2 Earnings

New Delhi, Oct 26 (PTI) Shares of Canara Bank on Thursday climbed nearly 2 per cent after the company reported a 43 per cent rise in net profit in the September quarter.

The stock gained 1.78 per cent to settle at Rs 359.85 on the BSE. During the day, it advanced 2.20 per cent to Rs 361.35.

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At the NSE, it rose 1.76 per cent to end at Rs 360 apiece.

Canara Bank on Thursday reported a 43 per cent rise in net profit to Rs 3,606 crore in the second quarter of the current fiscal on higher interest income and lower provisioning.

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The bank had posted a net profit of Rs 2,525 crore in the year-ago period.

The Bengaluru-based public sector bank's net interest income grew 19.76 per cent to Rs 8,903 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)