Canara Bank, the public sector lender, witnessed a fall in share price on Wednesday after it reported a fall of 40.65% in first quarter of fiscal 2015. The bank reported a profit of Rs 4.78 billion for the quarter ended Jun. 30, 2015, compared with Rs 8.06 billion, a year ago.
Quarterly income totaled at Rs 122.52 billion, an increase of 4.47% over Rs 117.28 billion in the same period a year ago.
The bank has made provision of Rs 13.59 billion, which was lower by 7.46% from prior year period.
Shares of Canara Bank are trading at Rs 303.45, down Rs 5.95, or 1.92% at the Bombay Stock Exchange (BSE) on Wednesday at 2:50 p.m.
The scrip has touched an intra-day high of Rs 314 and low of Rs 301.15. The total volume of shares traded at the BSE is 719,560.