Canara Bank Q4 Profit Rises 18% To Rs 3,757 Crore [Video]

Canara Bank Q4 Result:  Public sector lender Canara Bank reported on Wednesday that its net profit increased by 18% to Rs 3,757 crore during the fourth quarter ended March 2024. The Bengaluru-based lender had reported a net profit of Rs 3,175 crore in the same period last year. Canara Bank said in a regulatory filing that during the quarter, the bank’s total income increased to Rs 34,025 crore from Rs 28,685 crore in the year-ago period.

Interest income rose to Rs 28,807 crore in the quarter under review from Rs 23,910 crore in the same quarter last year. The bank’s board has recommended a dividend of Rs 16.10 per equity share (i.e., 161 percent) at a face value of Rs 10 to shareholders for 2023-24, subject to approval in the upcoming annual general meeting.

Also Read: Voltas Shares Fall Over 9% After Company Reports Drop In Q4 Net Profit; Details

In terms of asset quality, the …