Canara FY06 net up 21%

Canara Bank today reported a 21% increase in net profit at Rs 1,343.22 crore for the year ended March 31, 2006 when compared with Rs 1,109.51 crore in FY05.

According to a release issued by the bank to the BSE today, total income increased to Rs 10,089.03 crore in FY06 from Rs 9,115.80 crore in FY05.

The board has cleared a dividend of 66% i.e Rs 6.60 per share for the year ended March 31, 2006, the release added.