Canara Bank net dips 8%

Public sector lender Canara Bank on Thursday posted 8% decline in net profit at Rs. 829 crore for the fourth quarter ended March 31, 2012 compared to Rs. 899 crore a year ago.

Public sector lender Canara Bank on Thursday posted 8% decline in net profit at Rs. 829 crore for the fourth quarter ended March 31, 2012 compared to Rs. 899 crore a year ago.

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Net interest income increased 3% to Rs. 2,040 crore from Rs. 1,973 crore in the previous fiscal.

For the year ended March 31, 2012, the lender's net profit slipped by 18% to Rs. 3,283 crore from Rs. 4,026 crore last year.

Total income of the bank increased to Rs. 9,037 crore from Rs. 7351 crore a year ago.