Canara Bank announced a robust financial performance for the third quarter of fiscal year 2026, with net profit soaring to ₹5,155.11 crore. This represents a substantial increase compared to the previous year. The bank’s total income also witnessed significant growth, driven by strong interest income and other revenue streams. The bank continues to maintain a healthy capital adequacy ratio, positioning it well for future growth.
Financial Performance Highlights
Canara Bank reported a net profit of ₹5,155.11 crore for Q3 2026, a notable increase from the corresponding period in the previous year. Total Income increased to ₹39,880.96 crore. Interest income stood at ₹31,981.60 crore while other income reached ₹7,899.36 crore for the quarter.
Key Financial Metrics
Significant financial metrics for the quarter include:
- Operating Profit before Provisions and Contingencies: ₹9,119.47 crore
- Provisions (Other than Tax) and Contingencies: ₹2,414.36 crore
- Tax Expense: ₹1,550.00 crore
- Earnings Per Share (EPS): ₹5.68
Asset Quality
Canara Bank reported the following figures related to asset quality:
- Gross Non-Performing Assets (NPA): ₹24,832.58 crore
- Net Non-Performing Assets (NPA): ₹5,322.30 crore
- Percentage of Gross NPA: 2.08%
- Percentage of Net NPA: 0.45%
Capital Adequacy
The bank maintained a strong capital adequacy ratio:
- Capital Adequacy Ratio (Basel III): 16.50%
- Common Equity Tier I Ratio: 12.37%
- Additional Tier 1 Ratio: 2.23%
Segment-Wise Performance
The business segments contributed as follows:
- Treasury Operations: Revenue of ₹9,984.35 crore, Segment Results of ₹4,764.29 crore
- Retail Banking Operations: Revenue of ₹17,173.97 crore, Segment Results of ₹2,591.43 crore
- Wholesale Banking Operations: Revenue of ₹12,722.64 crore, Segment Results of -₹650.61 crore
Government Holding
The percentage of shares held by the Government of India remains at 62.93%.
Additional Highlights
During the quarter, Canara Bank issued Basel III Compliant Tier I Bonds aggregating to ₹3500 crores and redeemed Basel III Compliant Tier I & II Bonds of ₹6066.10 crores.
Source: BSE
