Canara Bank declared a dividend of ₹4.2 per share for the financial year 2025-26 at its 24th Annual General Meeting held on June 23, 2026. The bank's global business surpassed Rs.28 Lakh Crores, recording a net profit of Rs.19,187 Crores for the 12-month period, reflecting a 12.11% year-on-year growth. The meeting, conducted via Video Conferencing, approved the financial statements for the year ended March 31, 2026, and appointed key personnel to its board.

Financial Performance and Dividend

The Chairman highlighted that the bank achieved significant milestones driven by sustainable growth and innovation. The dividend of ₹4.2 per equity share, equivalent to 210% of the face value of ₹2 each, will be paid to shareholders whose names appear on the register of members as on June 12, 2026. The payout is scheduled within 30 days from the date of the AGM. The bank noted that it is obligated to deduct Tax Deducted at Source (TDS) on the dividend payment based on records available with the Registrar and Transfer Agent.

Board Appointments

Shareholders approved the appointment of Shri Sunil Kumar Chugh as Executive Director of the bank for a period of three years, effective from November 24, 2025, to November 23, 2028. A Chartered Accountant with over three decades of experience, Shri Chugh previously served as the head of the Hyderabad Zone at Punjab National Bank. Additionally, Ms. Shalini Pandit, an IAS officer of the Odisha cadre serving as Joint Secretary in the Department of Financial Services, Ministry of Finance, was appointed as Government Nominee Director with effect from May 13, 2026.

Meeting Proceedings

The meeting was chaired by Shri Brajesh Kumar Singh, MD & CEO of Canara Bank, and attended by 84 shareholders, constituting the required quorum. M/s S N Ananthasubramanian & Co., Company Secretaries, served as the scrutinizers for the e-voting process, which was conducted by KFin Technologies Limited from June 19, 2026, to June 22, 2026. All agenda items were passed with the requisite majority.

A notable block trade was recorded on the National Stock Exchange (NSE) for Canara Bank , with approximately 1,534,397 shares transacted at a price of ₹135.53 per share. The total value of the block deal stood at ₹20.80 crores, indicating significant trading activity in the public sector lender's stock.

Block Trade Details

The following table summarises the key parameters of the block trade executed on the NSE:

Block trades of this nature typically involve large institutional participants and are executed outside the regular order book to minimise market impact. The transaction in Canara Bank reflects considerable interest at the institutional level in the stock at the prevailing price point of ₹135.53 per share.