Canara net up on margins

Canara Bank reported a 50 per cent jump in net profit at Rs 1,053 crore for the October-December quarter compared to Rs 702 crore in the corresponding period last year.

Canara Bank reported a 50 per cent jump in net profit at Rs 1,053 crore for the October-December quarter compared to Rs 702 crore in the corresponding period last year.

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The jump in profit is due to an increase in net interest income and a simultaneous decline in the cost of deposits.