Canara Bank Net Profit Triples In September Quarter; Asset Quality Improves

The Bengaluru-based public sector lender - Canara Bank - on Tuesday said that its net profit in second quarter of the current financial year tripled on account of lower provisioning for bad loans, slight improvement in its asset quality and higher other income. Canara Bank's net profit in quarter ended September 2021 came in at Rs 1,333 crore as against Rs 444 crore during the same quarter last year. Its net interest income or the di...