Canara Bank rises after Q2 PAT jumps 8% YoY to Rs 5,175 crore
Profit before tax (PBT) increased 11.91% YoY to Rs 6,976.16 crore in Q2 FY27, compared with Rs 6,233.96 crore in Q2 FY26.
Operating profit before provisions and contingencies rose 1.98% YoY to Rs 8,758.13 crore from Rs 8,588.13 crore in the year-ago quarter.
Global business increased 15.88% YoY to Rs 30,72,365 crore as of September 30, 2026. Global deposits grew 13.13% to Rs 16,97,305 crore, while global advances increased 19.46% to Rs 13,75,060 crore.
Domestic deposits stood at Rs 15,47,979 crore as of September 30, 2026, registering a growth of 10.97% compared with the corresponding period last year. Domestic gross advances rose 16.95% YoY to Rs 12,64,753 crore.
Retail, agriculture and MSME (RAM) credit increased 21.03% YoY to Rs 8,12,310 crore. The retail lending portfolio grew 31.61% to Rs 3,30,587 crore, while the housing loan portfolio increased 17.35% to Rs 1,34,501 crore. Vehicle loan growth stood at 25.50%.
The gross non-performing assets (GNPA) ratio stood at 1.33% as of September 30, 2026, down from 1.57% in June 2026 and 2.35% in September 2025.
The net non-performing assets (NNPA) ratio was at 0.30% from 0.36% in the previous quarter and 0.54% in the year-ago period. The provision coverage ratio (PCR) stood at 95.34% as of September 2026, compared with 94.76% in June 2026 and 93.59% in September 2025.
The bank's capital adequacy ratio (CRAR) stood at 17.19% as of September 30, 2026, compared with 16.20% a year earlier. Common Equity Tier-I (CET1) stood at 12.80%, Additional Tier-I capital at 2.25% and Tier-II capital at 2.14%.
Canara Bank is a public sector bank in India. As of 30 September 2026, the bank has 10146 branches, out of which 3215 are rural, 3040 semi-urban, 1994 urban, and 1897 metro, along with 10764 ATMs & recyclers. Bank is also has 4 overseas branches in London, New York, Dubai & IBU Gift City Branch.
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