Canara Bank announced robust financial results for Q2 FY26. Key highlights include a 13.55% increase in Global Business, a 13.40% rise in Global Deposits, and a 13.74% growth in Global Advances. The bank’s Net Profit saw an impressive surge of 18.93%, while Gross NPA declined by 2.35%, signaling improved asset quality. All figures are year-over-year.
Financial Performance Highlights
Canara Bank reported significant year-over-year growth in several key areas for Q2 FY26:
- Global Business increased by 13.55%, reaching ₹26,78,963 Crore.
- Global Deposits grew by 13.40%, totaling ₹15,27,922 Crore.
- Global Advances rose by 13.74%, amounting to ₹11,51,041 Crore.
- Operating Profit increased by 12.20%, reaching ₹8,588 Crore.
- Net Profit saw substantial growth of 18.93%, reaching ₹4,774 Crore.
Asset Quality Improvements
The bank also demonstrated improvements in asset quality:
- Gross NPA decreased to 2.35%, showing a year-over-year decline of 138 bps.
- Net NPA decreased to 0.54%, reflecting a year-over-year decline of 45 bps.
- PCR improved to 93.59%, with a year-over-year increase of 270 bps.
Key Credit Growth
The bank also experienced strong growth in key credit segments:
- RAM Credit grew by 16.94%, reaching ₹6,71,141 Crore.
- Retail Credit increased by 29.11%, totaling ₹2,51,190 Crore.
- Housing Loan grew by 15.25%, reaching ₹1,14,615 Crore.
- Vehicle Loan increased by 25.58%, amounting to ₹23,367 Crore.
- MSME Credit grew by 12.70%, reaching ₹1,53,777 Crore.
Capital Adequacy
The bank’s capital adequacy remains strong with a CRAR of 16.20%. The Common Equity Tier 1 ratio is 12.21%, Additional Tier 1 is 1.92%, and Tier II is 2.07%.
Priority Sector Lending
The bank has exceeded mandated targets under the Priority Sector, including agriculture and weaker sections. Specific figures are not provided.
Shareholding Pattern
As of September 30th, 2025, the Government of India holds 62.93% of the bank’s shares.
Source: BSE