Canara Bank on Thursday released its fiscal fourth quarter earnings report with standalone profit at Rs 5,002.66 crore. This was 33.15 per cent higher as compared to Rs 3,757.23 crore recorded during the corresponding quarter of FY24. The net interest income (NII), the difference between interest earned and interest expended, stood at Rs 9,442 crore, down 1.4 per cent as against Rs 9,580 crore reported during the fourth quarter of previous fiscal year.
While the total income recorded during the quarter in review stood at Rs 37,352.80 crore, total expenditure incurred during the period was at Rs 29,069.13 crore.
The Bank’s board of directors has recommended a dividend of Rs 4 per equity share (i.e. 200 per cent of face value of Rs 2 per share) for the year ended on 31.03.2025 subject to requisite approvals.
Canara Bank’s asset quality
Canara Bank’s Gross Non-Performing Assets (GNPA) ratio came in at 2.94 per cent as at March 2025 from 4.23 per cent as at March 2024. The Net Non-Performing Assets (NNPA) ratio stood at 0.70 per cent as at March 2025 as against 1.27 per cent as at March 2024. Meanwhile, Provision Coverage Ratio (PCR) stood at 92.70 per cent as at March 2025, improved by 360 bps as against 89.10 per cent as at March 2024.
Network presence
As on 31.03.2025, Canara Bank has 9849 number of branches, out of which 3139 are rural, 2900 semi urban,1944 urban and 1866 metro along with 9579 ATMs. The Bank also has 4 Overseas branches in London, New York, Dubai & IBU Gift City.