Bangalore-based public sector lender Canara Bank today paid Rs 240 crore as dividend to the government for the year 2008-09.
The dividend cheque was presented by the bank Chairman and Managing Director A C Mahajan to Finance Minister Pranab Mukherjee.
The bank had declared 80 per cent dividend for 2008-09. For the first quarter ended June 30, 2009, the bank reported near five-fold growth in net profit at Rs 555.33 crore.
The bank had a net profit of Rs 122.68 crore in the June quarter of last fiscal.
Total income rose 23 per cent to Rs 5,031.95 crore during June quarter from Rs 4,099.05 crore in the previous fiscal.
During the quarter, the bank's interest income rose 22.19 per cent to Rs 4,558.38 crore, while the interest expenditure was up 20.49 per cent at Rs 3,266.89 crore.
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