Canara Bank has announced its audited financial results for the quarter and year ended March 31, 2026. The bank achieved a net profit of ₹19,186.67 crore for the financial year, marking a robust performance. Reflecting this growth, the Board has recommended a dividend of ₹4.20 per equity share, representing a 210% payout, subject to approval at the bank’s upcoming Annual General Meeting.
Financial Highlights for FY2026
Canara Bank delivered a solid financial performance for the year ending March 31, 2026. The bank recorded a standalone net profit of ₹19,186.67 crore, a significant increase from ₹17,026.67 crore reported in the previous fiscal year. Total income for the year climbed to ₹1,53,204.21 crore, up from ₹1,42,207.87 crore in the prior year.
Dividend and Shareholder Value
Following the positive financial results, the Board of Directors has recommended a dividend of ₹4.20 per equity share for the fiscal year 2025-26. This dividend, which is 210% of the face value of ₹2/- per share, is subject to the approval of shareholders at the bank’s ensuing Annual General Meeting.
Asset Quality Improvements
The bank’s asset quality saw notable improvement throughout the year. The Gross Non-Performing Assets (GNPA) ratio stood at 1.84% as of March 31, 2026, down from 2.94% in the previous year. Similarly, the Net Non-Performing Assets (NNPA) ratio improved to 0.43% from 0.70%, demonstrating the bank’s effective recovery and risk management strategies. The Provision Coverage Ratio was reported at a strong 94.21%.
Capital Adequacy
Canara Bank maintained a healthy capital position, with the Capital Adequacy Ratio (Basel III) at 17.04% as of March 31, 2026. This reflects the bank’s commitment to maintaining robust capital buffers to support sustainable business growth and regulatory compliance.
Source: BSE
