As per its Q4 report, Canara Bank logged a 33.19% profit growth Y-o-Y with net profit standing at Rs 5,004 crore.
The report added the bank’s global business was up by 11.32% at Rs 25,30,215 crore.
The bank’s board of directors has recommended a dividend of Rs 4 per equity share, ie 200% of the face value of Rs 2 per share, for the year ended on March 31. Besides, the bank’s Gross Non-Performing Assets ratio improved to 2.94% from 4,24% Y-o-Y.
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