Canara Bank Q4 Results: PSB announces dividend of ₹16 a share, profit jumps 18%

by

Canara Bank Q4 Results: Net profit increased by 18.4%, asset quality improved, and the company declared a dividend of Rs 16.10.

Canara Bank Q4 Results: PSB announces dividend of ₹16 ashare
Canara Bank Q4FY24 results are now Declared.

Canara Bank reported an 18% increase in profit to ₹3,757 crore for the March 2024 quarter, up from ₹3,174 crore in the same quarter the previous year, according to a regulatory filing.

The psb board recommended a dividend of ₹16.10 per equity share, or 161% of the face value of ₹10, to stockholders year 2023-24. This is subject to approval at the upcoming Annual General Meeting.

This is a developing story, which will be updated shortly.

Read More:  Aadhar Housing Finance IPO on May 8 : What provides GMP mean before becoming subscribers?

Canara Bank Share price:

CANARA BANK

558.10-18.75 (-3.25%)

Updated May 8, 2024

Hi, My name is Saurabh Singh, and I am a finance expert with over 10 years of experience, specializing in personal finance, investment strategies, and financial planning. Known for providing clear, actionable insights, he has contributed to notable publications and helped many achieve their financial goals. Connect with me on [LinkedIn/Twitter] for the latest updates and advice.

Read More
Sharing Is Caring:

Leave a Comment