MUMBAI: Canara Financial institution on Wednesday reported a 26.87% enhance in web revenue to Rs 3, 656 crore for the October-December quarter of the present monetary 12 months in comparison with the corresponding determine of Rs 2, 881.5 crore in the identical interval final 12 months.

The financial institution’s Internet Curiosity Revenue (NII) through the quarter rose 9.5% to Rs 9, 417 crore from Rs 8, 600 crore within the 12 months in the past interval.

The financial institution’s loans went up by 12.6% through the quarter.

Asset high quality of Canara Financial institution

The financial institution additionally registered an enchancment in asset high quality as gross non-performing property (GNPA) fell 5.1% of complete loans to Rs 41, 722 crore in Q3 from Rs 43.955.6 crore within the July-September quarter. The web-non performing property of the financial institution additionally declined by 3%.

The financial institution’s provisions in Q3 fell to Rs 1, 899 crore from Rs 2, 609 crore within the second quarter.

Canara Financial institution’s international enterprise elevated by 9.87% year-on-year to Rs 22, 13, 360 crore with international deposits at Rs 12, 62, 930 crore in December 2023 and international advance at Rs 9, 50, 430 crore.

The home deposits of the financial institution stood at Rs 11, 66, 848 crore which was 8.07% larger year-on-year, whereas home advances elevated by 12.56% to Rs 9, 01, 465 crore throughout this era.

Canara Financial institution shares had been buying and selling 0.78 % decrease at Rs 452.80 apiece on BSE round 1:15 p.m. after the Q3 monetary outcomes had been introduced.