Conceptual and Numerical study on profit performance of the Canara Bank

While all the companies in the other sector were in loss, the banking companies were still making profits. Here is the study of Canara Bank which yields the reason due to which the Canara Bank made profits in the era of Pandemic. The methodology used for the study is percentage analysis of the Canara Bank’s financial reports of the previous four years. The percentage analysis of the following parameters are taken into consideration: Deposits, advances, interest earned, interest paid, turnover, profit per employee, business per employee, non-performing assets and net interest margin. The primary reason of this study is to understand how Canara Bank made more profits than their previous years even in the pandemic era. Also the research is being done to understand how amalgamation of Canara Bank and Syndicate Bank has helped the bank to gain more number of deposits and also more numbers advances being given on which the companies have paid interest and received interest respectively. Canara and Syndicate Bank will be combined to create the 4th largest public sector bank. As the Syndicate Bank was not making good profits, it had to amalgamate with the Canara Bank to survive in the banking sector. The amalgamation took place in the year 2020, after which the deposits and advances of the amalgamated firm increased at a very higher rate.