Canara Bank Q1 Results: Net profit rises 2% YoY to Rs 4,856 crore; NII jumps 13%

Canara Bank reported a 2% YoY rise in net profit to Rs 4,856 crore for Q1, while net interest income (NII) jumped 13% YoY to Rs 10,216 crore from Rs 9,008 crore. Asset quality improved with total NPAs declining nearly 24% YoY to Rs 1,399 crore, and total provisions eased marginally by 0.6% YoY to Rs 3,780 crore.