India's Canara Bank gains after Q4 profit tops view

Canara Bank

08/05/2025 09:21

** Shares of Canara Bank CNBK.NS rise 3.5% to 96.95 rupees

** Bank's Q4 profit rose 33.1% Y/Y to 50.03 bln rupees ($588.4 mln), beats analysts' estimates of 41.04 bln rupees

** Q4 gross NPA improves to 2.94% from 3.34% in Q3

** CNBK down ~3% YTD

($1 = 85.0290 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))