Canara Bank posts Rs 4,222 cr loss
Canara Bank on Wednesday said it closed last year with a net loss of Rs 4,222.24 crore on a total income of Rs 48,194.94 crore.
In a regulatory filing in BSE, Canara Bank said last fiscal, it had posted a net loss of Rs 4,222.24 crore as against a net profit of Rs 1,121.92 crore posted during FY17.
Last fiscal, it earned a total income of Rs 48,194.94 crore, down from Rs 48,942.04 crore.
During the year under review, the provisions for contingencies including against bad loans stood at Rs 16,109.10 crore up from Rs 7,271.97 crore.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.


Ramesh Poapt
6 years ago
....all fell down(psu banks' npa)
Free Helpline
Legal Credit