Canara Bank Posts Financial Results: Global Business Grows 14.37% YoY, Net Profit Rises by 2.19%
Canara Bank announced its unaudited financial results for the quarter ending June 30, 2026, showcasing robust growth across its operational segments and improved asset quality metrics. The bank reported a rise in net profit and saw significant expansion in global business, deposits, and advances.The bank's Global Business reached ₹ 29,05,066 Cr, marking a 14.37% increase year over year (YoY). Deposits also expanded by 11.63%, reaching ₹ 16,11,685 Cr. Furthermore, Global Advances grew substantially by 17.97%, totaling ₹ 12,93,381 Cr.
Key financial performance indicators for the quarter included:
| Metric | Value (June 2026) | Change YoY |
|---|---|---|
| Global Business | ₹ 29,05,066 Cr | 14.37% |
| Global Deposit | ₹ 16,11,685 Cr | 11.63% |
| Global Advances | ₹ 12,93,381 Cr | 17.97% |
The results also reflected solid performance in income generation and profitability. Fee Income stood at ₹ 2,342 Cr, registering a growth of 5.35%. Operating Profit reached ₹ 8636 Cr, which represents an increase of 0.96%. Net Profit for the quarter was ₹ 4856 Cr, growing by 2.19%, with Earnings per Share also reflecting this same percentage gain.
A focus on asset quality showed marked improvement across various parameters. The Gross NPA Ratio stood at 1.57%, improving by 112 basis points (bps). Concurrently, the Net NPA Ratio was recorded at 0.36%, an improvement of 27 bps.
Operational efficiency indicators also improved during the period:
| Efficiency Metric | Value | Improvement |
|---|---|---|
| Provision Coverage Ratio (PCR) | 94.76% | Improved by 159 bps |
| Credit Cost | 0.49% | Improved by 23 bps |
| Slippage Ratio | 0.60% | Improved by 20 bps |
In terms of credit distribution, the bank saw strong performance in specific lending segments. RAM Credit experienced a rise of 21.20%. Retail Credit grew notably at 35.88%, driven by Housing loan growth at 17.85% and Vehicle loan growth at 26.34%.
CANBK Stock Price Movement
Shares of Canara Bank are gaining significantly in live trading, currently priced at ₹128.80 as of 12:46 PM after climbing 2.51%. The equity has seen robust market interest today, with nearly 21.78 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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