Canara Bank Q4 Results: Net Profit up by 33.19%, declares dividend

New Delhi: Public Sector Lender, Canara Bank, has announced the fourth quarter financial results of March-end, where Net Profit for the Bank stood at Rs 5,004 Cr, up by 33.19%. Operating Profit stood at Rs 8,284 Crore grew by 12.14%

In terms of Business, Global Business increased by 11.32% (y.o.y) to Rs 25,30,215 Cr as at March 2025, Global Deposits increased by 11.01% (y.o.y) to Rs 14,56,883 Cr and Global Advance (gross) increased by 11.74% (y.o.y) to Rs 10,73,332 Cr.

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In terms of asset, Gross Non-Performing Assets (GNPA) ratio improved at 2.94% as at March 2025 reduced from 3.34% as at December 2024, 4.23% as at March 2024. Net Non-Performing Assets (NNPA) ratio improved to 0.70% as at March 2025 reduced from 0.89% as at December 2024, 1.27% as at March 2024.

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Provision Coverage Ratio (PCR) stood to 92.70% as at March 2025 against 91.26% as at December 2024, 89.10% as at March 2024.

The Board of Directors has recommended a dividend of Rs 4 per equity share (i.e. 200% of face value of Rs 2 per share) for the year ended on 31.03.2025 subject to requisite approvals.

Shares of Canara Bank were trading at Rs 95.13, up by 1.56%.

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