Nuhey News

We talk about the MARKET

Canara Bank Quarterly Results: Q3 FY 23 earnings released – Check net profit; gross non-performing assets | Impact on share price

Net Profit:

Canara Bank reported a net profit of Rs. 4,945 crore for the third quarter of FY 23, compared to Rs. 4,305 crore in the same period last year.

Gross NPA:

Canara Bank’s gross non-performing assets (GNPAs) stood at Rs. 40,636 crore as of December 31, 2020, compared to Rs. 38,633 crore as of December 31, 2019.

Impact on Share Price:

The announcement of Canara Bank’s quarterly results had a positive impact on the company’s share price. On the day of the announcement, the stock price of Canara Bank surged by nearly 6%.