Small Business

Canara Bank Q3 profit zooms 50% to Rs 1,052.58 cr

State-run Canara Bank today reported a 50 per cent jump in net profit to Rs 1,052.58 crore for the third quarter ended December 31, 2009. - HPCL net profit at Rs 31.4 crore - BoB net jumps 17.5% - BoB Q3 profit up 18% on strong growth in fee-income - Jyothy Labs Q3 net up 25% at Rs 17 cr - Nalco Q3 profit drops 29% to Rs 155 cr - DLF Q3 net declines 30% to Rs 468 cr The bank had a net profit of Rs 701.50 crore during October-December quarter last financial year. Total income of the public-sector lender also rose to Rs 5,469.10 crore during December quarter of the current fiscal from Rs 5,382.90 crore in the corresponding period a year ago, Canara Bank said in a filing to the Bombay Stock Exchange. The bank"s earning from interest during the quarter rose to Rs 4,687.81 crore from Rs 4,625.44 crore in the year ago quarter. For the nine-month period ended December 31, the bank registered a net profit of Rs 2,518.43 crore, up 86 per cent compared to Rs 1,353.61 crore of the same period last fiscal. Shares of Canara Bank were quoting at Rs 368.50, down 1.06 per cent in the afternoon trade on the BSE.

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