Bengaluru, May 10 (IANS) State-run major Canara Bank on Friday reported a lower Rs 552-crore standalone net loss for the fourth quarter (January-April) of the fiscal 2018-19 as compared to the Rs 4,860 crore net loss in the same period a year ago.
The bank had posted Rs 318 crore standalone profit for the previous, or third, quarter (October-December).
In a regulatory filing on the BSE, the city-based bank said the standalone total income for the quarter (Q4) under review increased 21 per cent annually to Rs 14,000 crore, from Rs 11,555 crore in the same period a year ago, and by 3.6 per cent sequentially from Rs 13,513 crore a quarter ago.
"Interest earned for the quarter increased 18.7 per cent annually to Rs 12,139 crore from Rs 10,223 crore in the like period a year ago but flat sequentially from Rs 12,189 crore a quarter ago," said the filing.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz