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Canara Bank — Earnings Release 2019
May 10, 2019
61440_rns_2019-05-10_c8fc132c-1b73-4f1f-ad41-3bed1f62e19a.pdf
Earnings Release
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Ref:: MD&CEO:SD:353/354/11/12::2019
10.05.2019
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| The Vice PresidentThe Bombay Stock Exchange Ltd.Phiroze Jeejeebhoy TowersDalal Street,MUMBAI - 400 001 | The Vice PresidentListing DepartmentNational Stock Exchange of India LtdEXCHANGE PLAZABandra-Kurla Complex, Bandra [E]MUMBAI 400051 |
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Dear Sir,
Subject: Press Release - Audited Financial Results (Standalone) for the Fourth Quarter and Year ended 31.03.2019
We herewith enclose a copy of the Press Release on the Audited Financial Results (Standalone) for the Fourth Quarter and Year ended 31.03.2019
This is for your information.
Yours faithfully,
��� VINAY '-J�'1� HTA "M() ARY J;s;}����W!J Assislafll General Manager & � Seawy For CANARA BANK
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Secretarial Department
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E-Mail - [email protected]
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PRESS RELEASE
Financial Results for the Financial Year ended 31[st ] March 2019
The Board of Directors of Canara Bank today approved the audited financial results of the Bank for the financial year ended 31[st ] March 2019.
FY - 2019 HIGHLIGHTS (Y-o-Y)
- ✓ Gross Advances up by 10.82% at Rs.444216 Cr ✓ Gross Deposits up by 14. 15% at Rs. 599033 Cr ✓ Total Business up by 12. 71% at Rs.1043249 Cr ✓ Operating Profit improved by 10.9% from Rs. 9548 Cr to Rs.10590 Cr ✓ Net Profit improved from Rs. (-) 4222 Cr to Rs. 347 Cr ✓ Gross NPA down from 11.84% to 8.83% ✓ Net NPA down from 7.48% to 5.37% ✓ Provision Coverage Ratio improved from 58.06% to 68.13% ✓ CRAR (Basel Ill) at 11. 90% ✓ CD Ratio at 74.16%
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