Canara Bank announced Q4FY23 results: Global business stood at Rs 20,41,764 crore, which grew by 11.72% Net profit stood at Rs 3,175 crore, which grew by 90.63% Operating profit stood at Rs 7,252 crore and grew by 16.94% Gross advances grew by 16.41% Net interest income grew by 23.01% Cost to income ratio down by 137 bps Gold loan grew by 33.82% with a portfolio amount of Rs1,23,185 crore RAM credit grew by 13.23%, it constitutes 55% of total advances Retail credit grew by 10.91% with housing loans at 14.27% Gross NPA ratio stood at 5.35% down by 216 bps The net NPA ratio stood at 1.73% down by 92 bps The provision coverage ratio (PCR) at 87.31% improved by 314 bps CRAR stood at 16.68% as of March 2023. Out of which CET1 is 11.59% Return on equity stood at 19.49%, improved by 667 bps Return on assets stood at 0.95%, improved by 38 bps Net interest margin stood at 3.07%, improved by 14 bps The board of directors has recommended a dividend of Rs 12 per equity share (120%) for FY23, subject to requisite approvals. Result PDF