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Canara Bank Q1FY25; 9% rise in Profits

Canara Bank was merged with erstwhile Syndicate Bank in FY21.{# Canara was incorporated in 1906 and nationalised in 1969, along with 13 other major commercial banks of India, by the GoI. The bank is headquartered in Bangalore.Canara Bank was merged with erstwhile Syndicate Bank.

Financial Results:

Canara Bank reported Revenues for Q1FY25 of ₹29,173.00 Crores up from ₹25,451.00 Crore year on year, a rise of 14.62%.

Total Expenses for Q1FY25 of ₹31,544.00 Crores up from ₹27,327.00 Crores year on year, a rise of 15.43%.

Consolidated Net Profit of ₹4,098.00 Crores up 9.13% from ₹3,755.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.48, up 8.74% from ₹4.12 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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