Canara Bank Q3 results: Profit jumps 26% but shares slide as Budget jitters hang over Nifty
Canara Bank posted a Q3 net profit of 5,155 crore rupees, up 25.6% year-on-year, while net interest income rose just 1%. Shares fell 3.36% despite the profit jump, as the rupee hit a record low above 92 per U.S. dollar and traders awaited Sunday’s Union Budget. Indian benchmarks traded flat late morning.