Canara Bank has announced its audited financial results for the fourth quarter and full fiscal year ended March 31, 2026. The bank achieved a notable 12.69% year-on-year increase in net profit, reaching ₹19,187 crore for the year. Supported by strong growth across global business segments and improved asset quality, the bank has recommended a dividend of 210% of paid-up capital, reflecting a robust financial position and commitment to shareholder value.
Fiscal Year 2026 Performance Highlights
Canara Bank has demonstrated resilient growth for the fiscal year ended March 31, 2026. The bank’s Global Business grew by 12.11% to reach ₹28,06,226 crore. This growth was driven by a 9.71% increase in Global Deposits (₹15,68,678 crore) and a 15.30% expansion in Global Advances, which stood at ₹12,37,548 crore.
Profitability and Operational Gains
The bank reported an Operating Profit of ₹33,019 crore, marking a 5.19% increase over the previous year. Net Profit for the year climbed to ₹19,187 crore, a growth of 12.69%. Fee-based income also saw a positive trajectory, growing by 8.83% to ₹9,649 crore. In recognition of this performance, the bank has proposed a dividend of 210% of its paid-up capital, an improvement from the 200% dividend distributed for FY25.
Asset Quality and Capital Strength
Asset quality has shown significant improvement, with the Gross NPA ratio tightening to 1.84%, down from 2.94% in March 2025. Similarly, the Net NPA ratio improved to 0.43%. The Provision Coverage Ratio (PCR) stood strong at 94.21%, reflecting a conservative approach to risk management. The bank maintains a healthy CRAR of 17.04%, ensuring a solid capital foundation for future operations.
Retail and Priority Sector Lending
Retail banking remained a core focus, with RAM (Retail, Agriculture, and MSME) credit growing by 19.73%. Specifically, the Retail lending portfolio surged by 32.93%, bolstered by a 17.55% growth in the Housing Loan portfolio. Furthermore, the bank successfully met its priority sector targets, with Priority Sector lending at 43.71% and Agricultural Credit at 19.52% of Adjusted Net Bank Credit (ANBC), well exceeding regulatory norms.
Source: BSE
