Canara Bank Posts Q4 Loss Of Rs 3,905 Crore, Shares Slump

Canara Bank on Friday reported a net loss of Rs 3,905 crore in the March quarter on account of sharp rise in provisioning for bad loans. State-run Canara Bank had to set aside Rs 6,332 crore as loan loss provision after bad loans jumped to Rs 31,638 crore in the March quarter. Bangalore-based Canara Bank's gross non-performing assets now account for 9.4 per cent of its total advances. That number stood at 5.84 per cent in the Decemb...