Shares in state-run lender Canara Bank eased after provisions were sharply higher in Dec. quarter, dealers said. The bank reported a 21 percent fall in quarterly profit to 8.76 billion rupees. Provisions were up at 5.01 billion rupees versus 1.57 billion rupees a year ago. At 1.21 p.m., the stock was down 2.47 percent at 468.10 rupees. (Reporting by Manoj Dharra)
Many Indian citizens lost faith in the bank and transferred their funds to other financial institutions.
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