May 8 (Punjab Khabarnama) : Canara Bank Q4 results: Canara Bank reported 18.4 per cent rise in its net profit to ₹3,757.23 crore in the fourth quarter of FY2023-24. The bank noted a rise in net profit of 2.8 per cent on a sequential basis.
During the same period, gross non-performing asset (NPA) ratio of the bank improved to 4.23 per cent against 4.39 per cent in a quarter ago period. It was 5.35 per cent in a year ago period.
Canara Bank’s net NPA ratio stood at 1.27 per cent as on March 31, as compared 1.32 percent in a quarter ago period.