Daijiworld Media Network - Mumbai
Mumbai, Apr 10: Canara Bank reported a robust 33.19% year-on-year rise in net profit for the fourth quarter, reaching Rs 5,004 crore, according to its Q4 financial results.
The bank’s global business grew by 11.32%, totaling ?25.30 lakh crore, signaling strong overall performance. In a positive development for shareholders, the board has recommended a dividend of Rs 4 per equity share—equivalent to 200% of the Rs 2 face value—for the fiscal year ending March 31.
In addition, asset quality saw a notable improvement, with the Gross Non-Performing Assets (GNPA) ratio falling to 2.94% from 4.24% in the same period last year.