Canara Bank posted a 33.19% year-on-year (YoY) enhance in net profit to ₹5,004 crore for the March quarter of FY25, up from ₹3,757.23 crore a yr in the past.
The This fall noticed the financial institution’s whole curiosity earnings enhance to ₹31,002.04 crore, a 7.62% YoY progress over ₹28,807.35 crore within the earlier yr.
Its working profit grew 12% to ₹8,284 crore from ₹7,387 crore in the identical quarter a yr in the past.
The financial institution’s world enterprise elevated by 11.32% YoY to ₹25,30,215 crore, and world deposits elevated by 11.01% to ₹14,56,883 crore. Its world advance (gross) elevated by 11.74% to ₹10,73,332 crore, whereas home advances (gross) at ₹10,08,671 crore grew by 11.06%. Domestic deposits of the financial institution stood at ₹13,31,137 crore, indicating a 9.56% progress YoY.
However, Canara Bank’s net curiosity earnings declined 1.44% YoY to ₹9,442 crore from ₹9,580 crore in This fall of FY24. The net curiosity margin dropped 25 foundation factors YoY to 2.80% from 3.05%.
During the quarter, its gross NPA declined to 2.94% from 4.23% YoY, net NPA decreased to 0.70% from 1.27%.
The board of administrators has really helpful a dividend of ₹4 per fairness share for the yr ended on March 31, 2025, topic to requisite approvals.
Published – May 10, 2025 09:53 am IST
