Invest
27 Years
4.4 Star
1 Crore +
Canara Bank announced FY24 results:
Financial Highlights:
- Global business stood at Rs 22,72,968 crore grew by 11.31%.
- Gross Advances stood at Rs 9,60,602 crore grew by 11.34%.
- Global Deposit stood at Rs 13,12,366 crore grew by 11.29%.
- Net-Interest Income grew by 11.18%.
- Net Profit stood at Rs 3,757 crore grew by 18.33%.
- Return on Assets stood at 1.01% improved by 20 bps.
- Provision Coverage Ratio (PCR) at 89.10% improved by 179 bps.
- Credit Cost at 0.96% down by 21 bps.
- Gross NPA Ratio stood at 4.23% down by 112 bps.
- Net NPA Ratio stood at 1.27% down by 46 bps.
- RAM Credit grew by 13.52%.
- 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.
- Net Interest Margin stood at 3.05% improved by 10 bps.
- Return on Equity stood at 22.06% improved by 257 bps.
- The Board of Directors has recommended a dividend of Rs 16.10 per equity share (i.e.161% of face value of Rs 10 per share) for the year ended on 31.03.2024 subject to requisite approvals.
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