Canara Bank Reports Strong Q4 Earnings, Declares Dividend

Canara Bank has posted robust financial results for the fourth quarter of the fiscal year, reporting a net profit of 50.03 billion rupees, significantly surpassing market estimates of 41.04 billion rupees. The bank’s strong earnings performance reflects its continued focus on operational efficiency and credit risk management.

 

The board has recommended a dividend of 4 rupees per equity share, subject to shareholder approval. This decision underscores the bank’s commitment to rewarding investors while maintaining financial stability.

 

Canara Bank’s gross non-performing assets (NPA) ratio has improved to 2.94 percent, down from 3.34 percent in the previous quarter and 4.23 percent a year ago. The net NPA ratio has also declined to 0.70 percent, indicating better asset quality and stronger financial resilience.

 

The bank’s total interest earned during the quarter stood at 310.02 billion rupees, reflecting steady growth in its lending operations. Provisions for NPAs amounted to 28.47 billion rupees, while overall provisions and contingencies were recorded at 18.32 billion rupees.

 

Financial Performance Overview:

Sources: Business Standard, Financial Express, Economic Times, Moneycontrol, CNBC-TV18.