Canara bank jumps 5% after 1:5 stock split and Rs 16.10 dividend: 15 may set as ex date

There were times when public sector banks were bloated with big NPAs and losses were dragging their balance and sucking shareholder equity. In the past few years, a turnaround has happened through the government's initiatives and reforms, including a huge equity infusion to clean up the balance sheet and make the board stronger to set tighter and higher standards. PSB's reported cumulative profit in India was Rs. 1.4 lakh crore as of FY24, a 35% increase from the previous year.