Canara Bank on Monday announced financial results for the year 2014. Mr. Dubey released the bank’s financial achievements.  The bank claimed that its net profit for Q4 FY14 is at 611 crores up by 49.4% over previous quarter which was 409 crores.
Gross NPA ratio down to 2.49% from 2.57%, as at March 2013 and net NPA to 1.98%.
Canara Bank recovered 5494 crores cash and the CASA ratio increased to 25.9%. Bank had a record addition of 1027 branches making the total number to 4755. It also plans to open new branches in Johannesburg by this month and New York by next month end.
Bank has record addition of 2786 ATMs and 100% onsite ATMs for all 3728 branches opened upto March 2013.
The income from loans and advances also increased by 16.7% to 28457 crores.
