Canara Bank hands over ₹2,397 crore dividend cheque to FM Nirmala Sitharaman
Canara Bank handed over a dividend cheque of ₹2,397 crore for the financial year 2025-2026 to Union Finance Minister Nirmala Sitharaman. The Bengaluru-based lender declared
Canara Bank handed over a dividend cheque of ₹2,397 crore for the financial year 2025-2026 to Union Finance Minister Nirmala Sitharaman. The Bengaluru-based lender declared a dividend of ₹4.2 per share for fiscal 2026.
The dividend payout indicated Canara Bank’s strong financial performance and its ongoing commitment to creating long-term value for all stakeholders, it said in a statement on Monday.
The bank reported a record net profit of ₹19,187 crore in 2025-26, compared to ₹17,027 crore in the previous year, a 12.69% year-on-year increase. Government of India holds 62.93% of stake in the bank.
Canara Bank’s newly appointed MD and CEO Brajesh Kumar Singh handed over the cheque.
The BriefWire