'Canara Bank has reported 33% growth in net profit at Rs 5002.66 crore for the quarter ended March 2025 (Q4FY2025). The bank has posted 1% decline in net interest income (NII), while the core fee income of the bank improved 20% in Q4FY2025. The Net Interest Margin (NIM) of the bank eased to 2.73% in Q4FY2025 compared to 3.07% in the corresponding quarter of previous year, while rose from 2.71% in the previous quarter.
On business front, the bank as has posted 11% growth in business with 12% increase in loan book. The asset quality of the bank was stable in Q4FY2025. Bank has marginally raised credit to deposit ratio to 73.7% at end March 2025 from 73.2% at end March 2024. CASA ratio of the bank has improved on sequential basis to 28.5% at end March 2025.
Asset quality improves: The bank has improved asset quality in Q4FY2025.
The fresh slippages of loans stood at Rs 2702 crore in Q4FY2025 compared with 2464 crore in previous quarter and Rs 3400 crore in the ...
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