Canara Bank Transfers ₹2,283.4 Crore Dividend to Central Government for FY25

Canara Bank has paid a dividend of ₹2,283.41 crore to the Government of India for the financial year 2024-25, as per exchange filings. The dividend cheque was handed over to Finance Minister Nirmala Sitharaman by the bank’s MD and CEO, K. Satyanarayana Raju, along with Executive Directors Hardeep Singh Ahluwalia, Bhavendra Kumar, and S.K. Majumdar.

Dividend at ₹4 Per Share

The bank declared a dividend of ₹4 per share for FY25, which is 200% of the share’s face value. This follows its annual financial performance, where the bank recorded a net profit of ₹17,027 crore. This is an increase of 16.99% from ₹14,554 crore reported in FY24.

Loan Book and Business Growth

During the financial year, Canara Bank’s global gross advances reached ₹10.73 lakh crore. This marks a year-on-year growth of 11.74%. The rise in advances contributed to the bank’s overall business expansion and revenue generation in the reporting period.

Network and Presence

As of the end of FY25, Canara Bank operates 9,849 branches and 9,579 ATMs across India. The bank also has a presence in international markets, including London, New York, Dubai, and GIFT City. This broad network supports its domestic and cross-border operations.

The Government of India remains the majority shareholder in Canara Bank. The dividend amount transferred is part of the bank’s profit distribution as a public sector entity. The transaction is part of regular dividend payments by government-owned financial institutions.

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Canara Bank Share Price Performance 

As of 10:08 AM on June 30, 2025, Canara Bank share price was trading at ₹113.64, a 2.40% increase, up 11.22% over 6 months, and down 5.92% over the past year.

Conclusion

The dividend transfer follows Canara Bank’s year-end financial results for FY25. With increased profits and loan book growth, the bank has completed its payout to the central government as part of its shareholder obligations.

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