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Canara Bank has posted a loss of Rs.4,859.77 crore for the quarter ended March 31, on three-fold jump in provisions.
The bank in the same period year ago posted a profit of Rs.214 crore and Rs.126 crore in the December quarter. Net interest income for the quarter stood at Rs.2,987 crore, up 10.3% over Rs.2,708 crore in the corresponding quarter last year.
Further, provisions for the quarter rose over three times to Rs.9,075.04 crore, from Rs.2,708.74 crore in the year ago quarter. Its net NPAs came in at 7.48% against 6.78% on a YoY basis.
