Canara Bank on Thursday reported an 89 per cent year-on-year increase in its net profit to ₹2,525 crore in the second quarter of FY23. It posted a PAT of ₹1,333 crore in the same quarter last year.

The bank posted net-interest income of ₹20,482.35 crore, an 18.51 per cent YoY increase against ₹17,336.33 crore in Q2FY22.

During this quarter, the net non-performing assets (NNPA) was ₹17,296.89 crore, as against ₹20,884.40 crore in the same quarter last year.

The basic earnings per share for this quarter was ₹14.91 compared to ₹7.66 in Q2FY22.

For Q2 the domestic deposit stood at ₹10,56,519 crore, an increase of 7.77 per cent YoY over the same quarter last year. In Q2 FY23, gold loans grew by 32.86 per cent with a portfolio amount of ₹1,08,794 crore.

Canara bank has 9,722 branches, of which 3,040 are in the rural area, 2,748 in semi-urban areas, 2,002 in urban and 1,932 in the metro along with 10,759 ATMs. The bank also has three overseas branches in London, Dubai, and New York.