Canara Bank – Financial Highlights as of 31 March 2025

Canara Bank closed FY2024-25 with double-digit business growth, strong profitability, improved asset quality, and a higher dividend, underscoring a strengthened balance sheet and sustained operating momentum as of 31 March 2025.

Growth momentum

Global Business reached ₹25,30,215 crore, up 11.32% year-on-year, with Global Deposits at ₹14,56,883 crore (+11.01%) and Gross Advances at ₹10,73,332 crore (+11.74%) as of March 31, 2025.
Domestic Deposits stood at ₹13,31,137 crore (+9.56% YoY), while Domestic Gross Advances were ₹10,08,671 crore (+11.06% YoY) as of March 2025.
Assets under management (advances + investments) were about ₹14.29 trillion in Q4, comprising ₹10,49,155 crore of advances and ₹3,80,343 crore of investments.

Earnings and profitability

Q4 FY25 Net Profit was ₹5,004 crore, up 33.19% YoY; Operating Profit for the quarter was ₹8,284 crore, up 12.14% YoY.
Q4 FY25 total income was ₹37,353 crore (+10% YoY); total interest income was ₹31,002 crore (+7.62% YoY).
Net Interest Income for Q4 was ₹9,441.92 crore, a modest 1.44% YoY decline amid higher interest costs reflecting the rate environment.

Asset quality

GNPA ratio improved to 2.94% as of March 31, 2025, down from 4.23% a year ago and 3.34% in December 2024, indicating broad-based quality improvements.
NNPA ratio improved to 0.70% as of March 31, 2025, from 1.27% a year ago and 0.89% in December 2024, supported by recoveries and containment of slippages.
Provision Coverage Ratio rose to 92.70% (+360 bps YoY), reflecting stronger loss-absorption buffers.

Capital and resilience

CRAR stood at 16.33% as of March 31, 2025, with CET1 at 12.03%, Tier I at 14.37%, and Tier II at 1.96%, supporting growth with comfortable capital headroom.
Credit cost for FY25 was 0.92% (improved by 4 bps), while slippage ratio was 0.90% (improved by 38 bps), indicating tighter risk controls.
EPS increased 16.98% YoY, mirroring improved profitability and operating leverage.

Retail and RAM franchise

RAM credit grew 13.23% YoY to ₹6,10,127 crore, highlighting diversification into retail, agriculture, and MSME segments.
Retail lending portfolio surged to ₹2,23,366 crore (+42.80% YoY), with housing loans at ₹1,06,167 crore (+13.57% YoY) illustrating strong mortgage traction.
Fee-based income was ₹2,335 crore in Q4, up 20.30% YoY, aiding non-interest revenue mix.

Dividend and shareholder returns

The Board recommended a dividend of ₹4 per equity share (200% of face value ₹2) for FY2024-25, higher than FY24’s 161%, subject to requisite approvals.
Sequentially, Q4 net profit rose 22% versus Q3, reinforcing earnings momentum into FY26.

Priority sector achievements

PSL reached 42.36% of ANBC and agriculture credit 20.05%, both above regulatory norms of 40% and 18% respectively as of March 2025.
Credit to small and marginal farmers was 13.42% of ANBC (norm 10%), while weaker sections stood at 19.25% (norm 12%), and micro enterprises at 9.73% (norm 7.5%).
Credit to non-corporate farmers was 16.25% of ANBC versus the norm of 13.78%, underlining inclusion focus.

Network and reach

As on March 31, 2025, the bank operated 9,849 branches (3,139 rural; 2,900 semi-urban; 1,944 urban; 1,866 metro) and 9,579 ATMs, with four overseas branches in London, New York, Dubai, and IBU GIFT City.
The distribution footprint supports RAM growth and deposits mobilization, strengthening low-cost funding and outreach.
Scale and presence position the bank to sustain balanced growth across geographies and segments in FY26.