Canara Bank posts record loss of Rs. 3905 cr. for Q4 FY16, mainly due to 6,332 cr. provisioning for bad loans pic.twitter.com/ZL1z9eeFxQ— Press Release Watch (@PrReleaseWatch) May 27, 2016
Major Highlights: Q4 FY16
Non‐interest income at 1383 crore, up by 4.33% y‐o‐y.
Interest Expenses declined by 3% y.o.y vis‐à‐vis 7.66% increase last year.
Operating expenses increase curtailed to 1.5% y.o.y vis‐à‐vis 20.68% last year.
Operating profit at 1647 crore.
Total Provisions for Q4FY16 at 5552 crore and net loss for Q4 FY16 at 3905 crore.
