Canara Bank profit up 33% on rising fee income, recoveries

CANARA BANK ON Thursday reported a 33% year-on-year rise in its net profit to ₹5,004 crore for the fourth quarter of FY25, its highest-ever net profit in a single quarter.

- NARAYANAN V

The growth was driven by a spike in fee-based non-interest income and higher bad loan recoveries.

Total interest income rose 8% year-on-year to ₹31,002 crore while interest expenses increased 12% to ₹21,560 crore. Non-interest income, which includes fee-based income and treasury gains, jumped 22% to ₹6,351 crore. Of this, fee-based income stood at ₹2,335 crore and recoveries from written-off accounts contributed ₹2,471 crore, a 30% rise y-o-y.

"The growth in the bottom line was to some extent led by interest income, but the major contribution came from fee-based income and recoveries. Fee-based income grew 20.3% y-o-y to ₹2,335 crore," managing director and CEO K Satyanarayana Raju said during the earnings briefing.