Canara Bank is aiming to improve its bottom line further with a balanced focus on advances to retail, big and small businesses, coupled with a greater focus on digitization. During 2021-22, the lender recorded a robust growth of 122 percent in its net profit at Rs 5,678 crore, with operating profit rising by over 17 percent to Rs 23,089 crore. It had earned a net profit of Rs 2,558 crore in the preceding fiscal year ended March 2021.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
