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Business Economy

Canara Bank's operating profit grew by 37.29 per cent at the end of the Q3

Bengaluru, Jan 27(UNI) The Public sector lender Canara Bank on Wednesday, had reported an operating profit
of Rs 5382 crores at the third quarter end, a growth by over 16.02 per cent, Chairman and Managing Director of the Bank, L V Prabhakar said.
Addressing a press conference today, he said that the Bank's global business reached a record Rs 1640582 crore
and the volume of the domestic business of the bank grew by 8.69 per cent.
He said that for the third quarter end the Net Profit had grown by 56.76 per cent to clock rs 696 crore, he said that the total income of the bank during the three months period was increased by 3.08 per cent to hit Rs 21479 crore.
Maintaining that the Bank had made a cash recovery of Rs 2893 crore from the NPA accounts, in the last three quarters, he said that "We have set a target of cash recovery in the next three months to over Rs 5000 to Rs 6000 crores".
"The NPA rate in Retail, SME and Housing sector is well below the total average of the bank's NPA" he said.

He said that during the last nine months, the Gross NPA ratio was down by 236 bps while the Net NPA ratio
plunged by 298 bps.
He said that in the last nine months, the retail term deposit was grown by 18,19 per cent the net interest income
of the bank was up by 21.47 percent.
More News

Ranganathan, Suchitra Ella elected CII SR Chairman, Dy Chairperson

06 Mar 2021 | 3:57 PM

Chennai, Mar 6 (UNI) Mr C K Ranganathan, Chairman and Managing
Director of CavinKare Pvt Ltd and Ms Suchitra K Ella , Co-Founder and
Joint Managing Director of Bharat Biotech were elected as Chairman
and Deputy Chairperson respectively of the CII Southern Region (SR)
for the year 2021-22.

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Bullion Market Closing Rates

06 Mar 2021 | 3:35 PM

Chennai, Mar 6(UNI) Following is the bullion markets
closing rate here today.

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Escape From Tarkov- The Best Game For Entertainment And How To Play!

06 Mar 2021 | 3:03 PM

Mar 06, 2021: When we talk about escape from tarkov, it is a game that is well known among a lot of gamers, and they love it for its extraordinary features! One can get entertainment in this game at any time, and no one has ever said that they got bored while playing this game, which is why they play it all day and enjoy it.

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06 Mar 2021 | 2:57 PM

Kozhikode, Mar 6 (UNI) Following were the rates in the Kozhikode Coir market today per quintal,
Coir Koyilandi No 1 Rs 9, 100
No 2 Rs 8, 300
Beypore No 1 Rs 6, 500
NO 2 Rs 6, 000.

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06 Mar 2021 | 2:57 PM

Kozhikode, Mar 6 (UNI) Following were the rates in the Kozhikode Oil market today per quintal,
Copra Office Rs 13,750,
Dilpas Rs 13,850,
Rajapur Rs 17,100,
Bolls Rs 15,500,
Coconut oil Rs 21,150.

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