CANARA BANK 3rd QUARTER RESULTS-NET PROFIT CROSSED Rs.1000 CRORES.

CANARA BANK posted impressive results for the 3rd Quarter ending 31.12.2009.

Operating profit rose to Rs.1470 crores.
Aggregate business reached Rs.3,56,310 crores.
Total Deposits reached Rs.2,08,899 crores up by 29%
Total advances reached Rs.1,47,411 crores up by 14.3%
credit deposit ratio is at 70.57%.
Operating expenses contained at December,2008 level.
Net interest Income reached rs.1478 crores up by 18.8%.
Capital adequacy ratio is at 14.44% well above the stipulated norm of 9%. Tier capital at 9.20%.
Branch network is at 3005 branches.
Net NPA is at 1.34% against 1.09% on 31.03.2009.
NPA coverage ratio is at 74.04% against the mandated 70%.
Cost of deposits 6.25% and yield on advances is at 10.01%.