Canara Bank Board of Directors will decide on the stock split on February 26, 2024. This information was shared with the exchanges by Canara Bank on February 7, 2024. Canara Bank has reported a net profit of ₹3,656 crore for the third quarter of FY 2024. The bank’s loan growth was at 12.6 % YoY. The GNPA of Canara Bank reduced significantly showing a 5.1% fall to ₹41,722 crore from ₹43.955.6 crore. Canara Bank NPA provisioning dropped from ₹2,609 crore in September quarter to ₹3,124 crore. This will be the first ever stock split of Canara Bank if approved. Canara Bank has also no history of bonus share issue. Share price of Canara Bank Ltd has surged 73% in last 6 months and 97% in last 1 year.
