Canara Financial institution web revenue up 33% to ₹5,004 crore

Ok. Satyanarayana Raju. File
| Picture Credit score: Particular Association

Canara Financial institution posted a 33.19% year-on-year (YoY) enhance in web revenue to ₹5,004 crore for the March quarter of FY25, up from ₹3,757.23 crore a yr in the past.

The This autumn noticed the financial institution’s complete curiosity revenue enhance to ₹31,002.04 crore, a 7.62% YoY development over ₹28,807.35 crore within the earlier yr.

Its working revenue grew 12% to ₹8,284 crore from ₹7,387 crore in the identical quarter a yr in the past.

The financial institution’s international enterprise elevated by 11.32% YoY to ₹25,30,215 crore, and international deposits elevated by 11.01% to ₹14,56,883 crore. Its international advance (gross) elevated by 11.74% to ₹10,73,332 crore, whereas home advances (gross) at ₹10,08,671 crore grew by 11.06%. Home deposits of the financial institution stood at ₹13,31,137 crore, indicating a 9.56% development YoY.

Nonetheless, Canara Financial institution’s web curiosity revenue declined 1.44% YoY to ₹9,442 crore from ₹9,580 crore in This autumn of FY24. The web curiosity margin dropped 25 foundation factors YoY to 2.80% from 3.05%.

Throughout the quarter, its gross NPA declined to 2.94% from 4.23% YoY, web NPA decreased to 0.70% from 1.27%.

The board of administrators has really helpful a dividend of ₹4 per fairness share for the yr ended on March 31, 2025, topic to requisite approvals.