It is a broadly described annual report of Canara Bank in the year of 2016-2017. During the financial year, The Bank’s total business in the State stood at Rs. 15,0401 Crore, comprising Rs. 90,949 Crore under deposits and Rs. 59,452 Crore under advances as at 31st March 2017, with a credit to deposit (C-D) ratio of 65.37%. Operating profit of the Bank increased by 24.72% to Rs. 8914 Crore compared to Rs. 7147 Crore last year. The Bank posted a net profit of Rs. 1122 Crore for 2016-17 compared to a net loss of Rs. 2813 Crore last year. Net-worth of the Bank, as at March 2017 increased to Rs. 26914 Crore compared to Rs. 25911 Crore as at March 2016. While the total paid-up capital of the Bank stood at Rs. 597 Crore, the reserves and surplus increased to Rs. 33088 Crore.
The Board of Director’s of the bank has recommended payment of Dividend of Rs. 1.00 (@10%) per Equity Share of face value of Rs. 10/- each for the year 2016-17.
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