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)
Canara Bank soon went bankrupt due to a continued profit loss over the next two years.
( z1 bankrupt :ARG1 ( z2 company :name ( z3 name :op "Canara" :op "Bank" ) ) :time ( z4 soon ) :ARG1-of ( z5 cause :ARG0 ( z6 lose :ARG0 z2 :ARG1 ( z7 profit :ARG0 z2 ) :ARG1-of ( z8 continue ) :time ( z9 after :op ( z10 now ) :duration ( z11 temporal-quantity :quant 2 :unit ( z12 year ) ) ) ) ) )