Canara Bank gains after Q2 PAT jumps 8% YoY to Rs 5,175 cr
The bank?s operating profit before provisions and contingencies increased 2% to Rs 8,758.13 crore in the September quarter, compared with Rs 8,588.13 crore in the corresponding period last year.
Provisions and contingencies declined 24.3% year-on-year to Rs 1,781.97 crore from Rs 2,354.17 crore.
Domestic deposits rose 10.97% year-on-year to Rs 15,47,979 crore, while domestic gross advances increased 16.95% to Rs 12,64,753 crore.
The bank?s retail, agriculture and MSME (RAM) credit portfolio grew 21.03% year-on-year to Rs 8,12,310 crore as of 30th September 2026.
The bank reported an improvement in asset quality, with gross non-performing assets (NPAs) declining to Rs 18,298.95 crore as of September 30, 2026, from Rs 27,040.27 crore a year earlier.
The gross non-performing asset (GNPA) ratio declined to 1.33% as on September 30, 2026, from 1.57% as on 30th June 2026 and 2.35% as on 30th September 2025. The net non-performing asset (NNPA) ratio improved to 0.30%, compared with 0.36% in the preceding quarter and 0.54% a year earlier.
The bank?s capital adequacy ratio under Basel III stood at 17.19% as of September 30, 2026, compared with 16.20% a year earlier. The Common Equity Tier I ratio was 12.80%.
For the six months ended September 30, 2026, the bank?s net profit increased 5.3% to Rs 10,030.58 crore from Rs 9,525.99 crore in H1 FY26. Total income for the first half of FY27 rose to Rs 80,615.45 crore, up 5.16% from Rs 76,661.04 crore in the corresponding period last year.
Canara Bank is a public sector bank. As of 30 September 2026, the bank had 10,146 branches across India, comprising 3,215 rural, 3,040 semi-urban, 1,994 urban and 1,897 metropolitan branches. Its network also included 10,764 ATMs and cash recyclers.
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