Canara Bank, the public sector lender, said its consolidated yearly profit fell by 11.43% from a year ago. The bank reported a profit of Rs 26.30 billion for the year ended Mar. 31, 2014, compared with Rs 29.70 billion, a year ago.
Total consolidated income totaled at Rs 437.14 billion, an increase of 16.95% over Rs 373.78 billion in the same period a year ago.
The bank has made provision of Rs 37.50 million, which was higher by 68.31% from prior year period.
Net NPA was at 60.74 billion for the year ended Mar. 31, 2014, as compared to Rs 53.24 billion in the same period last year, representing a increase of 14.08%.
In percentage term, net NPAs were at 2.01% at the end of the year higher than 2.19% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 10.75% as on Mar. 31, 2014.
Shares of the bank declined Rs 21.35, or 4.54%, to settle at Rs 448.40. The total volume of shares traded was 1,365,608 at the BSE (Monday).