For the Q2 which ended on 30 Sept, 2010, State-owned Canara bank posted 10 percent growth in net profits. Today, at Bombay Stock Exchange the bank touched it's all time high, of Rs. 693.30 while surging 5 percent from yesterday.

On Wednesday, for second quarter which ended on 30 September, 2010, the bank reported Rs 1,007.8 crore net profits compared to the profit of Rs. 910.5 crore, in the same period of the last fiscal year.

On the BSE, Canara bank's shares increased by 5.52 percent to Rs. 693.30. The bank was trading at Rs. 686.80 which was up by 4.81 percent on the National Stock Exchange. In the morning trade, over 21 lakh shares were trade of the bank.

While declaring the quarter two's results, Mr. S. Raman who is Chairman and Managing Director of Canara bank said that last year they had a good securities profit and their profits would have been better this year if they had the same interest rate this year.

He further said that due to a healthy net interest rate growth; the growth is net profit is more. Other PSU banks like Corporation Bank and Allahabad Bank are trading in profit.