Hyderabad/New Delhi, June 27 -- Canara Bank, a Bengaluru-based public sector lender Bank, has paid a dividend of Rs 2,283.41 Crore for the financial year 2024-25 to the Government of India.
The Managing Director and CEO K Satyanarayana Raju handed over the dividend cheque to Union Finance Minister Nirmala Sitharaman, the bank said in a release on Friday.
For the financial year 2024-25, the Bank declared a dividend of Rs 4 per share (i.e., 200% of face value of Rs 2 per share) reflecting its robust financial performance
The bank reported a record net profit of Rs 17,027 crore for the year 2024-25, compared to
Rs 14,554 crore in the previous year. This marks a 16.99 per cent increase in annual profit.
The dividend payout projects Canara ...