Current Affairs - Banking - Discussion

Canara Bank reported a significant 33.19% increase in its net profit for Q4 FY25, reaching ₹5,004 crore compared to ₹3,757.23 crore in the previous year. This growth was driven by higher interest income and strong operational performance, despite a slight dip in net interest margins. The bank also saw improvements in asset quality, with a reduction in gross and net non-performing assets (NPAs). Canara Bank’s global business, advances, and deposits showed double-digit growth, reflecting its solid position in the public sector banking space and its contribution to economic growth.