Canara Bank reported robust financial performance for the fourth quarter of the previous fiscal year, achieving a record net income of Rs 3,757 crore, marking an over 18% year-on-year increase. For the full fiscal year 2023-24, the bank recorded a net profit of Rs 14,554 crore, a significant rise from Rs 10,604 crore in FY23. Managing Director and Chief Executive Satyanarayana Raju highlighted that the bank surpassed most of its targets, including net interest margin, bad loans, credit, and deposit growth rates. The net interest margin increased to 3.05%, bad loans declined, and both deposit and credit growth exceeded expectations. Overall business rose to Rs 22,72,968 crore, with advances at Rs 9,60,602 crore and deposits at Rs 13,12,366 crore. Net interest income grew by 11.18% to Rs 9,580 crore in the quarter.