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Complete revenue of the financial institution within the January-March interval of 2021-22 rose to Rs 22,323.11 crore, from Rs 21,040.63 crore in the identical interval of 2020-21, Canara Financial institution mentioned in a regulatory submitting.
On the asset high quality entrance, the financial institution’s gross non-performing belongings (NPAs) or unhealthy loans fell to 7.51 per cent of the gross advances on the finish of March 2022, as in opposition to 8.93 per cent on the finish of March 2021.
In worth phrases, the gross NPAs had been value Rs 55,651.58 crore, down from Rs 60,287.84 crore.
Web NPAs additionally acquired higher at 2.65 per cent (Rs 18,668.02 crore) within the quarter beneath assessment, from 3.82 per cent (Rs 24,442.07 crore).
Provisions and contingencies for the quarter had been increased at Rs 3,708.68 crore, as in opposition to Rs 3,652.18 crore put apart for the year-ago interval. Of this, the supply for unhealthy loans stood at Rs 2,129.73 crore for Q4FY22.
For full yr FY22, the financial institution reported greater than doubling of its standalone web revenue at Rs 5,678.42 crore, as in opposition to Rs 2,557.58 crore in FY21.
Complete revenue in the course of the yr grew to Rs 85,907.15 crore, from Rs 84,204.78 crore.
The board of the financial institution has really useful a dividend of Rs 6.50 per fairness share for the yr 2021-22, the lender mentioned. It’s topic to the approval of shareholders on the financial institution’s ensuing annual normal assembly.
Shares of Canara Financial institution had been buying and selling at Rs 214.05 apiece on BSE, down by 4.72 per cent from earlier shut.
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