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The net profit stood at Rs 4,774 crore in the year-ago period. The state-owned lender's net interest margin for the quarter improved to 2.55% from 2.52% in the preceding quarter. Its net interest income rose 20.4% to Rs 11,005 crore, while non-interest income fell 18% to Rs 5,772 crore, capping the earnings growth. Total income for the quarter rose 6% year-on-year to Rs 40931 crore. The bank reported Rs 499 crore of total treasury income in the second quarter, reflecting a 68.5% year-on-year fall. The bank's operating profit stood 2% higher at Rs 8,758 crore. Its gross non-performing assets (GNPA) ratio improved to 1.33% at the end of September, reduced from 1.57% three months back and 2.35% a year prior. This helped in lower provisions at Rs 1782 crore against Rs 2354 crore in the year ago period. Canara's global deposits increased by 13.13% year-on-year to Rs 16.97 lakh crore at the end of September, buoyed by a $5.8 billion inflows in the foreign currency non-resident-bank (FCNR-B) accounts through the Reserve Bank of India's dedicated window. The overseas inflows translated into Rs 53000 crore in rupee terms. The bank's global advance grew 19.5% to Rs 13.75 lakh crore, outpacing the deposit growth by a margin. Managing director Brajesh Kumar Singh said that the bank is taking effforts to narrow the gap while saying that the high advance growth would sustain backed by the festive demand. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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