Canara Bank Managing Director and CEO Mr. K. Satyanarayana Raju presented a dividend cheque of Rs. 2,283.41 crore for the financial year 2024–25 to Union Finance Minister Ms. Nirmala Sitharaman. He was accompanied by Executive Directors Mr. Hardeep Singh Ahluwalia, Mr. Bhavendra Kumar, and Mr. S.K. Majumdar.
Record-Breaking Financial Performance
For FY 2024–25, Canara Bank declared a dividend of Rs. 4 per share (200% of the face value of Rs. 2), reflecting its robust financial health. The bank recorded its highest-ever net profit of Rs. 17,027 crore, a 16.99% rise from Rs. 14,554 crore reported in the previous year.
Government’s Stake and Stakeholder Value
The significant dividend payout underlines Canara Bank’s strong commitment to long-term value creation for all stakeholders, including the Government of India, which remains its majority shareholder.
Legacy and Growth Journey
Established in July 1906 by Mr. Ammembal Subba Rao Pai in Mangalore, Canara Bank has consistently upheld its reputation for customer service and innovation. Post-nationalisation in 1969, the bank expanded rapidly, emerging as a leading player in the Indian banking landscape.
Network and Global Footprint
As of March 31, 2025, Canara Bank operates 9,849 branches across India, including 3,139 in rural areas, 2,900 in semi-urban, 1,944 in urban, and 1,866 in metro locations. The bank also has 9,579 ATMs and four overseas branches in London, New York, Dubai, and IBU GIFT City, showcasing its international presence.
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