Canara Bank on Thursday posted a growth of 78.67 per cent in its net profit at Rs 898.90 crore for the fourth quarter ended March 31, 2011, as against a net profit of Rs 503.10 crore in the same period of last year.
The total income of the bank increased to Rs 7,350.59 crore in the January-March quarter compared with Rs 5,506.72 crore in the corresponding period of last fiscal.
For the year ended March 31, 2011, the lender’s net profit jumped by 33.24 per cent to Rs 4,025.89 crore as against Rs 3,021.43 crore in the same period of last year.
The Board of Directors of the bank has proposed a dividend of 110 per cent for the year ended March 31, 2011.
Shares of the company ended the day at Rs 558.55, down 2.81 per cent from the previous close.