Canara Bank Q2 Results: Standalone net profit rises 8% YoY to Rs 5,175 crore, NII jumps 20%

Canara Bank recorded an 8% year-on-year increase in standalone net profit to Rs 5,175 crore in the second quarter. The bank’s net interest income, a key measure of earnings from lending activities, rose 20% during the period.

Profit and income growth

The results point to growth in both Canara Bank’s standalone bottom line and net interest income. Net profit increased to Rs 5,175 crore, while the 20% rise in net interest income outpaced the overall growth in profit.

The figures provide an update on the bank’s quarterly performance, with the year-on-year comparison showing higher earnings and stronger net interest income in the reported quarter.

Key figures

• Standalone net profit rose 8% year on year.
• Standalone net profit reached Rs 5,175 crore.
• Net interest income increased 20%.

Canara Bank’s reported results place the focus on the bank’s profit growth and improvement in net interest income for the quarter.