Canara Bank reported a robust financial performance for Q3 FY2025-26, with net profit increasing by 25.61% year-over-year to ₹5,155 Crore. The bank showcased strong growth in global business, deposits, and advances. Asset quality improved with a decline in gross and net NPAs. Key ratios like return on assets and capital adequacy also saw positive movement, underscoring the bank’s operational efficiency.
Financial Highlights for Q3 FY2025-26
Canara Bank announced its financial results for the third quarter of fiscal year 2025-26, demonstrating significant growth across key metrics. Here are the highlights:
Key Performance Indicators
- Global Business grew by 13.23% y-o-y, reaching ₹27,13,594 Crore.
- Global Deposits increased by 12.95% y-o-y, totaling ₹15,21,268 Crore.
- Global Advances rose by 13.59% y-o-y, amounting to ₹11,92,326 Crore.
- Operating Profit saw a 16.36% y-o-y increase, reaching ₹9,119 Crore.
- Net Profit jumped by 25.61% y-o-y, to ₹5,155 Crore.
Asset Quality
- Return on Assets improved to 1.13%, a 9 bps increase y-o-y.
- PCR reached 94.19%, up by 293 bps y-o-y.
- Credit Cost stood at 0.64%, a decrease of 25 bps y-o-y.
- Gross NPA declined, with a 2.08%, 126 bps decrease y-o-y.
- Net NPA also decreased, to 0.45%, 44 bps decline y-o-y.
Segmental Growth
- RAM Credit experienced substantial growth at 18.70% y-o-y, reaching ₹7,04,041 Crore.
- Retail Credit expanded by 31.37% y-o-y, totaling ₹2,73,395 Crore.
- Housing Loan saw an increase of 17.58% y-o-y, reaching ₹1,21,172 Crore.
- Vehicle Loan also grew significantly by 26.20% y-o-y, with a total of ₹25,098 Crore.
- MSME Credit increased by 13.74% y-o-y, reaching ₹1,60,636 Crore.
Key Ratios
- EPS saw a rise of 22.11% y-o-y, with a value of 21.48.
- CET-1 was recorded at 12.37%.
- Slippage Ratio improved by 32 bps, with a 0.64% decline y-o-y.
Strategic Initiatives
Canara Bank continues to focus on digital transformation, ESG practices and sustainable growth. The bank is dedicated to offering various customer-centric initiatives and financial solutions, enhancing stakeholder value.
Source: BSE
