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Canara Bank delivers ₹2,397 crore dividend cheque to finance minister Nirmala Sitharaman

Canara Bank handed over a ₹2,397 crore dividend cheque to Union Finance Minister Nirmala Sitharaman for fiscal year 2025-2026. This distribution comes on the heels of a record net profit of ₹19,187 crore for the bank in the financial year that concluded in March 2026, showcasing its robust operational performance.

BRIC Team
BRIC Team
Jun 29, 2026 · 1 min read · 2 views
Canara Bank delivers ₹2,397 crore dividend cheque to finance minister Nirmala Sitharaman

Key Takeaways

  • •Canara Bank declared a dividend of ₹4.2 per share, totaling ₹2,397 crore for the fiscal year 2025-2026.
  • •The bank's record net profit of ₹19,187 crore for the year ending March 2026 marks a 12.69% increase.
  • •The Government of India holds a significant 62.93% stake in Canara Bank, reflecting its importance in the banking sector.
  • •Brajesh Kumar Singh, the new Managing Director and CEO, presented the dividend cheque to Finance Minister Nirmala Sitharaman.

Canara Bank handed over ₹2,397 crore dividend cheque to Union Finance Minister Nirmala Sitharaman for fiscal year 2025-2026. This payout shows bank's solid financial footing,with a declared dividend of ₹4.2 per share. Announced on a Monday,it signals lender's focus on delivering value to stakeholders.

For year ending March 2026,Canara Bank hit a record net profit of ₹19,187 crore,a 12.69% rise from ₹17,027 crore last year. This growth shows bank's operational strength in tough banking market. Government of India holds 62.93% of bank's shares—quite a chunk.

Cheque was handed over by Brajesh Kumar Singh,newly appointed Managing Director and CEO of Canara Bank. This event marks not just financial success but also ongoing efforts to boost shareholder returns. Is this dividend a sign of the bank's future path or just a flash in the pan…?

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