The PSU-lender’s net interest income (NII), the difference between interest earned and interest expended, for the March quarter slightly rose 1.4% YoY to ₹9,442 crore, compared to ₹9,580 crore in the same quarter last year.
Canara Bank’s NII and operating profit were higher than estimates.
The bank’s gross non performing assets (GNPA) ratio improved to 2.94% in the quarter, down from 3.34% in December 2024. Net NPA ratio improved to 0.70% from 0.89% in the last quarter.
The provision coverage ratio (PCR) stood at 92.70% in Q4 as against 91.26% in Q3FY25.
The bank’s slippages stood at ₹2,702 crore as against ₹2,464 crore in the previous December quarter. The figure was also higher than estimates of ₹2,650 crore.
Canara Bank sees advance growth of 10-11% for FY26. The lender targets deposit growth of 9-10% with strong improvement in asset quality.
The board has recommended a dividend of 200% on the equity shares of the bank i.e ₹4 per share having face value of ₹2 each for the financial year 2024-25.
Record date for the said dividend has been set as June 13, 2025.
The dividend, if approved by the shareholders of the bank, will be paid after the AGM on June 13.
Following the Q4 earnings announcement, shares of Canara Bank Ltd. are trading with gains of 4.59% at ₹97.88. However, the stock is down 4% so far this year.
First Published:Â May 8, 2025 1:48 PM IST
