Quarterly Result8 May 2025, 01:37 pm
Canara Bank Reports 33.19% YoY Rise in Net Profit, Global Business Up by 11.32% YoY
AI Summary
Canara Bank has reported a 33.19% Year-over-Year (YoY) increase in net profit and a 11.32% YoY growth in global business for the quarter and period ended 31st March 2025. The bank also reported a 11.01% YoY growth in global deposits. The bank's gross advances stood at ₹10,73,332 Cr, representing a 11.74% YoY growth. RAM credit and retail credit grew by 13.23% and 42.80% respectively. The bank's fee-based income stood at ₹2,335 Cr, up by 20.30% YoY. The bank's provision coverage ratio (PCR) improved to 92.70%, and the gross NPA ratio stood at 2.94%, improved by 129 bps. The bank has recommended a dividend of ₹4 per equity share for the year ended on 31.03.2025, subject to requisite approvals.
Key Highlights
- Net Profit up by 33.19% YoY
- Global Business Up by 11.32% YoY
- Global Deposit up by 11.01% YoY
- Provision Coverage Ratio (PCR) at 92.70%
- Gross NPA Ratio at 2.94%, improved by 129 bps