Canara Bank — Board Meeting, 27-01-2025: Outcome of Board Meeting

The Board of Directors of Canara Bank has approved the financial results for the quarter and nine months ended December 31, 2024, revealing substantial growth. The total income for the quarter reached ₹36,113.77 Cr, up from ₹34,721.07 Cr in the previous quarter. Net profit is reported at ₹4,104.20 Cr, demonstrating resilience in profitability. The bank continues to maintain a robust capital adequacy ratio of 16.44%. Notably, the board has confirmed no deviations in the utilization of funds raised. Overall, the results indicate a positive operational trajectory and sustained financial health for the period.