Canara Bank announced its quarterly results for March 2024, revealing a notable surge in profit. According to the regulatory filing, the bank’s profit increased by 18 percent to ₹3,757 crore, compared to ₹3,174 crore in the corresponding quarter of the previous year.
Additionally, the board of the public sector lender proposed a dividend of ₹16.10 per equity share, equivalent to 161 percent of the face value of ₹10 each, for the fiscal year 2023-24. However, this recommendation is subject to approval at the upcoming Annual General Meeting.
