Canara Bank Reports Strong FY26 Results: Net Profit Up 12.69% Amid 15.30% Growth in Advances

Canara Bank Reports Strong FY26 Results: Net Profit Up 12.69% Amid 15.30% Growth in Advances​

Canara Bank announced its audited financial results for the quarter and full fiscal year ended March 31, 2026. The bank reported significant growth across key metrics, including a 12.11% year-on-year increase in Global Business and a 15.30% rise in Global Advances. Net Profit for the year was recorded at ₹ 19,187 Cr, marking a 12.69% increase compared to the previous fiscal year.

Key Financial Performance Metrics​

The bank's balance sheet shows substantial expansion across its operational areas. Global Business increased by 12.11% year-on-year (y.o.y.) to ₹ 28,06,226 Cr as of March 2026. Global Deposits saw a growth of 9.71% y.o.y., reaching ₹ 15,68,678 Cr. Furthermore, Global Advances (gross) grew by 15.30% y.o.y., amounting to ₹ 12,37,548 Cr.

Key financial highlights for the period are presented below:

Advances and Credit Growth​

The bank reported targeted growth in specific lending segments. Retail lending portfolio expanded by 32.93% y.o.y. to ₹ 2,96,912 Cr. The Housing Loan Portfolio saw a growth of 17.55% y.o.y., totaling ₹ 1,24,799 Cr. In commercial lending, RAM credit increased by 19.73% y.o.y., standing at ₹ 7,30,520 Cr.

Domestic figures show that Domestic Deposits stood at ₹ 14,36,905 Cr as of March 2026, reflecting a 7.95% growth y.o.y. Similarly, Domestic Advances (gross) reached ₹ 11,61,143 Cr, a 15.12% increase y.o.y.

Asset Quality and Capitalization​

In terms of asset quality, the bank showed improvement across major ratios. The Gross Non-Performing Assets (GNPA) ratio improved to 1.84% as of March 2026, compared to 2.94% in March 2025. The Net Non-Performing Assets (NNPA) ratio was 0.43%, down from 0.70% in March 2025. The Provision Coverage Ratio (PCR) stood at 94.21% as of March 2026.

Regarding capital adequacy, the bank reported that the CRAR stood at 17.04% as of March 2026. Details of the capital structure include CET1 at 12.44%, Tier-I at 14.59%, and Tier-II at 2.45%.

Priority Sector Lending and Network​

The bank achieved its targets in Priority Sector lending. As of March 2026, the bank achieved 43.71% in Priority Sector lending and 19.52% in Agricultural Credit of ANBC, surpassing the norms of 40% and 18% respectively. Specific credit allocations include 12.55% for Small and Marginal Farmers (norm 10.00%), 18.65% for Weaker Sections (norm 12.00%), and 9.37% for Micro Enterprises (norm 7.50%).

Operationally, the bank maintained a vast network. As of March 31, 2026, Canara Bank operated 10,097 branches, comprising 3,200 Rural, 3,025 Semi Urban, 1,987 Urban, and 1,885 Metro locations. The network also includes 11,306 ATMs and Recyclers, alongside four Overseas Branches located in London, New York, Dubai, and IBU Gift City Gujarat.

CANBK Stock Price Movement​

As of 2:03 PM, shares of Canara Bank are slipping by 1.89% in live trading, dropping ₹2.54 to trade at ₹131.8. The stock moves amid strong investor action, supported by a total traded volume of 46.31 million shares.