*Canara Bank* disclosed a phenomenal rise in standalone net profit for the
quarter ended December 2008 due to better topline figures.

During the quarter, the profit of the company rose 52.89% to Rs 7,015
million from Rs 4,588.30 million in the same quarter previous year on better
top line.

Interest earned for the quarter rose 30.29% to Rs 46,254.40 million, while
total income for the quarter rose 31.40% to Rs 53,829.00 million, when
compared with the prior year period.

During the quarter, the company reported earnings of Rs 17.11 a share,
registering increase of 52.90% over the same quarter previous year.


  *Quarterly Results - Standalone (Rs in mn)*
 *As at*
 *Dec - 08*
 *Dec - 07*
 *%Change*
 *Interest Income*
 46,254.40
 35,501.60
 30.29
 *Net Profit*
 7,015.00
 4,588.30
 52.89
 *Basic EPS*
 17.11
 11.19
          52.90

B.Karthick
Research Analyst
www.kences1training.blogspot.com

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