New Delhi: State-owned Canara Bank on Thursday recorded 7.7 percent decline in its net profit at Rs 829.09 crore for the fourth quarter ended March 31, 2012.
The Bangalore-based lender had a net profit of Rs 898.90 crore in the same period last year, Canara Bank said in a filing to the BSE.
Total income of the company increased to Rs 9,036.75 crore in the January-March quarter against Rs 7,350.59 crore in the same period year-ago.
For the year ended March 31, 2011, the lender's net profit slipped by 18.4 percent to Rs 3,282.72 crore as compared to Rs 4,025.89 crore in the same period last year.
However, the total income jumped to Rs 33,778.22 crore during the fiscal from Rs 25,751.53 crore in the previous fiscal.
The Board of Directors of the bank has proposed a dividend of 110 percent or Rs 11 per share of face value of Rs 10 for 2011-2012.
PTI
First Published: Thursday, May 10, 2012, 17:30