Canara Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.

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Canara Bank

The bank has reported 90.54% rise in its net profit at Rs 3174.74 crore for the quarter under review as compared to Rs 1666.22 crore for the same quarter in the previous year. Total income of the bank increased by 28.50% at Rs 28684.97 crore for Q4FY23 as compared to Rs 22323.11 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 64.18% rise in its net profit at Rs 3232.84 crore for fourth quarter ended March 31, 2023 as compared to Rs 1969.04 crore for the same quarter in the previous year. Total income of the bank increased by 29.59% at Rs 31774.04 crore for Q4FY23 as compared to Rs 24518.42 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported 86.74% rise in its net profit at Rs 10603.76 crore as compared to Rs 5678.42 crore for the previous year. Total income of the bank increased by 20.11% at Rs 103186.98 crore for year under review as compared to Rs 85907.15 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the bank has reported 86.50% rise in its net profit at Rs 10807.80 crore as compared to Rs 5795.10 crore for the previous year. Total income of the bank increased by 17.99% at Rs 111209.76 crore for year under review as compared to Rs 94256.89 crore for year ended March 31, 2022.