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Canara Bank Q3 net profit falls 21% on higher provisioning

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  • Published On: January 27, 2012
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Bangalore based Canara Bank reported a 20.8% fall in net profit on account of higher provisioning for bad loans. S Raman, CMD of Canara Bank spoke to NDTV Profit on the bank's Q3 results announcement. He said that the net profit would have been much higher if not for the additional provisioning on account of depreciation of investments worth Rs 185 crore.
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