Canara Bank MD hands Rs 1,838 cr cheque to FM Nirmala Sitharaman

Canara Bank MD & CEO K Satyanarayana Raju has handed a dividend cheque of Rs 1838 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24.

Raju handed the cheque at an event in Delhi on Wednesday attended by Prashant Kumar Goyal, joint secretary at the ministry of finance (MoF), and bank’s executive directors Debashish Mukherjee, Ashok Chandra, Hardeep Singh Ahluwalia, and Bhavendra Kumar and Delhi circle chief general manager Rajesh Kumar Singh.

This dividend payout reflects Canara Bank's unwavering commitment to its stakeholders and its strong financial health, driven by strategic initiatives and sound banking practices. The bank continues to play a pivotal role in supporting India's economic growth and development through its extensive range of financial products and services, the bank said in a statement.


The Bank’s managing director expressed pride in the bank's performance and its contribution to the nation's financial stability. “It is an honor to present this dividend cheque to the Hon’ble Finance Minister, Smt. Nirmala Sitharaman. This achievement is a testament to the hard work and dedication of our entire team at Canara Bank. We remain committed to delivering value to our shareholders and contributing to the nation's economic progress,” Raju said.