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| Edited By: |Source: Reuters |Updated: Mar 17, 2018, 02:31 AM IST
Canara Bank expects October-December net profit to rise 20-25% from a year ago, a top official said on Monday.
"Our net interest income will rise by 15-20% year-on-year. Our cost of deposits have come down to 6.23% from 6.87% year ago resulting in growth in profit," chairman and managing director AC Mahajan told Reuters on the sidelines of a banking conference.
In Oct-Dec FY09 the bank's net profit was at Rs7.01 billion while in the September-quarter of FY10 it was at Rs9.10 billion, he said.
