Canara Bank handed over a dividend cheque of RS 2,283.41 Crore to the Government of India
Canara Bank paid Rs 2,283.41 crore dividend to the Government of India for FY25, reflecting its record profit of Rs 17,027 crore.
New Delhi, June 27, 2025: Canara Bank MD & CEO Shri K Satyanarayana Raju handed over a dividend cheque of RS 2,283.41 Crore for the financial year 2024-25 to Hon’ble Union Finance Minister Smt. Nirmala Sitharaman. Shri K. Satyanarayana Raju was accompanied by the Executive Directors of the bank, Shri Hardeep Singh Ahluwalia, Shri Bhavendra Kumar, and Shri S.K. Majumdar.
For the financial year 2024-25, Canara Bank declared a dividend of Rs 4 per share (i.e., 200% of face value of RS 2 per share) reflecting its robust financial performance The bank reported a record net profit of Rs 17,027 crore for the year 2024-25, compared to RS 14,554 crore in the previous year. This marks a 16.99 per cent increase in annual profit.
The dividend payout projects Canara Bank’s strong financial performance and its continued commitment to long term value for all stakeholders, including the Government of India, which is the majority shareholder.
About Canara Bank
Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank was strewn with many memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.
With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit. As on 31.03.2025, the Bank has 9849 number of branches, out of which 3139 are Rural,2900 Semi Urban,1944 Urban & 1866 Metro along with 9579 ATMs. Bank is also having 4 Overseas Branches in London, New York, Dubai & IBU Gift City.
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