On Thursday, May 8, Canara Bank revealed its January–March results, showing a 33% increase in net profit year over year to ₹5,002.7 crore. In the same quarter last year, it was ₹3,757 crore.
In comparison to ₹9,580 crore in the same quarter last year, the PSU-lender's net interest income (NII), which is the difference between interest received and interest spent, increased 1.4% year over year to ₹9,442 crore in the March quarter.
The operating profit and NII of Canara Bank exceeded projections. In the quarter, the bank's gross nonperforming assets (GNPA) ratio decreased from 3.34% in December 2024 to 2.94%. From 0.89% in the previous quarter, the net non-performing asset ratio improved to 0.70%.
Compared to 91.26% in Q3FY25, the provision coverage ratio (PCR) was 92.70% in Q4. In contrast to the ₹2,464 crore in the previous December quarter, the bank's slippages totaled ₹2,702 crore. Additionally, the amount exceeded projections of ₹2,650 crore. For FY26, Canara Bank anticipates advance growth of 10–11%.
The lender wants to see a 9–10% increase in deposits together with a significant improvement in asset quality. For the fiscal year 2024–2025, the board has suggested paying a 200% dividend, or ₹4 per share, on the bank's equity shares, which have a face value of ₹2. The aforementioned dividend's record date is June 13, 2025.
Record date for the said dividend has been set as June 13, 2025.The dividend, if approved by the shareholders of the bank, will be paid after the AGM on June 13.
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