Bengaluru: Canara Bank on Monday presented a dividend cheque of ₹2,397 crore to Nirmala Sitharaman for the financial year 2025-26, reaffirming the bank’s strong financial performance and its commitment to delivering value to shareholders, including the Government of India.
The dividend cheque was handed over by Brajesh Kumar Singh, Managing Director and Chief Executive Officer of Canara Bank, in the presence of senior officials from the Ministry of Finance and the bank’s Executive Directors.
₹2,397 Crore Dividend Paid to Government of India
As the Government of India is the majority shareholder in Canara Bank, the dividend payment represents a significant return to the exchequer.
The cheque was presented by MD & CEO Brajesh Kumar Singh in the presence of:
- Hardeep Singh Ahluwalia
- Bhavendra Kumar
- Sunil Kumar Chugh
Senior officials from the Ministry of Finance also attended the event.
Read also: CPWD and Canara Bank Sign MoU for Residential Staff Quarters Project in Malad West, Mumbai
Canara Bank Declares ₹4.20 Dividend Per Share
For the financial year 2025-26, Canara Bank declared a dividend of ₹4.20 per equity share.
According to the bank, the dividend reflects its robust financial performance and continued focus on creating long-term value for all stakeholders while maintaining strong shareholder returns.
Record Net Profit in FY26
Canara Bank reported its highest-ever annual net profit of ₹19,187 crore for FY26, compared to ₹17,027 crore in the previous financial year.
The bank recorded a 12.69% year-on-year increase in net profit, highlighting sustained growth in earnings and operational performance.
The strong profitability enabled the public sector lender to reward its shareholders with a higher dividend payout.
Strong Financial Performance Drives Shareholder Value
The bank stated that its consistent financial growth and prudent management have strengthened its ability to generate long-term value.
The dividend payout underscores:
- Strong profitability in FY26
- Improved shareholder returns
- Continued contribution to the Government of India as the majority shareholder
- Financial stability and sustainable growth
About Canara Bank
Canara Bank is one of India’s largest public sector banks, offering a wide range of retail, corporate, digital, and international banking services. Established in 1906, the bank has a nationwide presence and plays a key role in supporting India’s banking sector, financial inclusion, and economic development.
Read also: Canara Bank Appoints Brajesh Kumar Singh as MD & CEO to Strengthen Growth and Digital Banking Push
