Canara Bank's Net Profit Up 33% to ₹5,004 Crore in FY25 Q4

May 10, 2025

Canara Bank has reported a significant 33.19% year-on-year increase in its net profit to ₹5,004 crore for the fourth quarter of the financial year 2024-25, up from ₹3,757.23 crore in the same period a year ago. The bank's total interest income rose to ₹31,002.04 crore, showing a 7.62% YoY growth. Operating profit also witnessed a growth of 12% to ₹8,284 crore. The global business of Canara Bank increased by 11.32% YoY to ₹25,30,215 crore, with global deposits rising by 11.01% to ₹14,56,883 crore. The global advances (gross) saw an increase of 11.74% to ₹10,73,332 crore. Domestic advances and deposits also displayed positive growth, with domestic advances reaching ₹10,08,671 crore, up by 11.06%, and domestic deposits standing at ₹13,31,137 crore, showing a 9.56% growth YoY. However, the bank's net interest income saw a decline of 1.44% YoY to ₹9,442 crore, with the net interest margin dropping to 2.80% from 3.05%. The gross NPA decreased to 2.94% from 4.23% YoY, and the net NPA also reduced to 0.70% from 1.27%. Canara Bank's board of directors has proposed a dividend of ₹4 per equity share for the financial year ending on March 31, 2025, pending necessary approvals.

Tags: Canara bank, Financial results, Profit increase, Dividend, Banking sector,