According to a release issued by Canara Bank to the BSE, net profit surged nearly 55% to Rs 718.81 crore for the quarter ended March 31, 2009, when compard with Rs 464.06 crore in the corresponding quarter a year ago. Total income grew 22.2% to Rs 5,500.35 crore from Rs 4,502.27 crore.
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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