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)
It was reported that the profit loss occurred due to a rise in digital currency.
( z1 report :ARG1 ( z2 cause :ARG0 ( z3 rise :ARG1 ( z4 currency :mod ( z5 digital ) ) ) :ARG1 ( z6 lose :ARG1 ( z7 profit ) ) ) )