Elevated Credit Cost Continue to Impede Performance Canara Bank has delivered a healthy operating performance in 2QFY18. Its operating profit surged by 15.8% YoY and 0.3% QoQ to Rs24.8bn led by strong growth in NII (14.1% YoY & 2.6% QoQ to Rs27.8bn) and relatively lower opex (7.5% YoY and -4.7% QoQ) of Rs22.4bn. However, provisioning expenses remained at elevated level of Rs21.6bn (36% YoY & -2.1% QoQ) due to higher stressed assets in balance sheet. Resultantly, the Bank's net profit declined by 27.1% YoY (+3.4% QoQ) to Rs2.6bn. On the other hand, loan book improved by 9.5% YoY and 4.5% QoQ led...