Canara Bank Q2 FY11 Results : Net rises 10.6%

by khalid on 21/10/2010 · 0 comments

Canara Bank Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 10.6% to Rs 1,007.23 crore in comparison to the Rs 910.5 crore of Q2 (ending Sep 09) of previous year(FY10). Canara Bank is a state-owned bank of India. It was established in 1906, which makes it among the older Indian banks.

The bank informed the share market(BSE) that the net income increased 52.77% to Rs 2,007.15 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 1,313.7 crore. At current value, the price-to-book value of the company was 2.1. The dividend yield of the company was 1.56%.

Share’s Data :-
BSE Code : 532483
Mkt. Cap : Rs 26,937.00 Crores
Hindalco Industries Ltd. share’s CMP is Rs 657.00 on 20th Oct 2010.

Source :- BelltheBull

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