Canara Bank Q4 net profits dip; declares robust dividend

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Canara Bank has reported a drop in its Q4 2013 net profits to Rs 725.3 crores for quarter ending March 2013, as compared to Rs 829 crores for the quarter ended March 31, 2012.

Total Income has increased from Rs 9036.75 crores for the quarter ended March 31, 2012 to Rs 9471 cores for the quarter ended March 31, 2013.

The board of directors have recommended a dividend of Rs 13 per share. The gross non performing assets of the bank have gone down to 2.57% as on March 31, when compared to 2.77 per cent on December 31.

The capital adequacy ratio for the period stood at 12.40 per cent.

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