Canara Bank posted a 200 per cent rise in net profit at Rs 1,333 crore in the second quarter ended September 30, 2021 (Q2FY22) on robust growth in non-interest income, including revenue from trading and recoveries. The Bengaluru-based public sector lender had posted a net profit of Rs 444 crore a year ago in Q2FY21.

According to the investor presentation, the bank’s net interest income (NII) shrank by 0.51 per cent on a YoY basis to Rs 6,273 crore in Q2FY22 from Rs 6,305 crore for Q2FY21. The lender’s non-interest income was up 37.54 per cent YoY to Rs 4,268 crore in Q2FY22 from Rs 3,103 crore a year ago. This includes a 144 per cent rise in treasury income of Rs 1,133 crore, recoveries of 30.7 per cent at Rs 584 crore and fee-based income showed a 20.2 per cent growth at Rs 1,463 crore. Its stock was trading 3.09 per cent down at Rs 195. 7 per share on BSE.

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Its global deposits rose by 8.83 per cent on a YoY basis to Rs 10,32,536 crore in Q2FY22, and gross advances grew by 5.83 per cent YoY to Rs 7,26,854 crore in Q2FY22 from Rs 6,86,813 crore in Q2FY21.