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📈 Canara Bank Ltd

 


Canara Bank Ltd., one of India's premier public sector banks, has demonstrated commendable growth and strategic initiatives in the fiscal year 2024–25. From a significant stock split to a robust dividend payout and impressive financial performance, the bank has reinforced its commitment to enhancing shareholder value and operational excellence.

🧾 Stock Split: Enhancing Liquidity and Accessibility

In February 2024, Canara Bank announced a 5-for-1 stock split, reducing the face value of its shares from ₹10 to ₹2. This move aimed to make the stock more affordable for retail investors and increase liquidity. The stock split was executed on May 15, 2024, with the ex-split date on May 14, 2024 .

💰 Dividend Payout: Rewarding Shareholders

Following the stock split, Canara Bank declared a dividend of ₹3.22 per share (post-split) for the financial year 2023–24. This payout reflects the bank's consistent policy of rewarding its shareholders. The dividend was announced on May 8, 2025, with the record date set for June 14, 2025 .

📊 Financial Performance: Q4 FY 2024–25

Canara Bank reported a standalone net profit of ₹5,002.66 crore for Q4 FY 2024–25, marking a 33.15% increase year-on-year. The bank's net interest income stood at ₹9,442 crore, a slight dip of 1.4% compared to the previous year. Despite this, the bank's asset quality improved, with gross NPAs at 2.94% and net NPAs at 0.70% .

📈 Stock Performance and Market Reaction

The announcement of the Q4 results and dividend led to a positive market response, with Canara Bank's share price rising by 5% to ₹98.21 on the BSE . This uptick reflects investor confidence in the bank's strategic initiatives and financial health.

🔮 Outlook for FY 2025–26

Looking ahead, Canara Bank aims for an 11% loan growth in FY 2025–26. The bank is also focusing on further improving asset quality and operational efficiency to sustain its growth trajectory .

📝 Conclusion

Canara Bank's strategic actions in FY 2024–25, including the stock split, dividend payout, and strong financial performance, underscore its commitment to enhancing shareholder value and maintaining operational excellence. As the bank continues to focus on growth and efficiency, it remains a key player in India's banking sector.

Note: Investors are advised to conduct their own research or consult financial advisors before making investment decisions.

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