Canara Bank Q4 Results: Profit Rises 18%; Declares ₹16.10/Share Dividend

Canara Bank posted 18% growth in its standalone net profit at Rs 3,757 crore for the quarter ended March 2024. The same stood at Rs 3,174 crore in the last year period. Net interest income (NII) for the reporting quarter increased 11% year-on-year (YoY) to Rs 9,580 crore. Gross Non-Performing Assets (GNPA) ratio reduced to 4.23% as at Mar 2024 down from 4.39% as at Dec 2023, 5.35% as at Mar 2023.Net Non-Performing Assets (NNPA) ratio reduced to 1.27% as at Mar 2024 down from 1.32% as at Dec 2023, 1.73% as at Mar 2023.The company's Board has also recommended a dividend of Rs 16.10 per share. Retail Credit grew by 11.68 % with Housing loan at 10.81 % and Vehicle loan at 14.03%.Agriculture & Allied grew by 18.69% with Portfolio amount of Rs.2,53,206 crore. Watch Exclusive Chat With K Satyanarayana Raju, MD & CEO, Canara Bank.