Canara Bank announced strong unaudited financial results for the third quarter and nine months ended December 31, 2025. Global business grew by 13.23% YoY, reaching ₹27,13,594 Cr. The bank reported significant improvements in asset quality and capital adequacy, reflecting robust operational performance. Net profit increased by 25.61% YoY, driven by strong growth in advances and deposits. Key ratios such as PCR and NPA also showed improvement.
Key Financial Highlights
Canara Bank demonstrated significant financial growth in the third quarter of fiscal year 2026.
Business Growth
The bank’s global business reached ₹27,13,594 Cr, marking a 13.23% YoY increase. Global deposits rose by 12.95% YoY to ₹15,21,268 Cr, and global advances grew by 13.59% YoY to ₹11,92,326 Cr.
Domestic deposits stood at ₹13,97,045 Cr, reflecting an 11.10% increase, while domestic advances reached ₹11,19,289 Cr, growing by 13.34%.
RAM credit increased by 18.70% YoY to ₹7,04,041 Cr, and the retail lending portfolio expanded by 31.37% YoY to ₹2,73,395 Cr. Housing loan portfolio also grew by 17.58% YoY, reaching ₹1,21,172 Cr.
Asset Quality
The bank’s asset quality improved, with the gross Non-Performing Assets (GNPA) ratio declining to 2.08% as of December 2025, compared to 2.35% in September 2025 and 3.34% in December 2024. The net Non-Performing Assets (NNPA) ratio also improved to 0.45% as of December 2025, down from 0.54% in September 2025 and 0.89% in December 2024.
The Provision Coverage Ratio (PCR) stood at 94.19% as of December 2025, up from 93.59% in September 2025 and 91.26% in December 2024.
Capital Adequacy
Canara Bank maintained a strong Capital Adequacy Ratio (CRAR) of 16.50% as of December 2025. This included a CET1 of 12.37%, Tier-I at 14.60%, and Tier-II at 1.90%.
Priority Sector & Financial Inclusion
The bank met its targets in Priority Sector lending at 45.25% and Agricultural Credit at 20.11% of ANBC, surpassing the norms of 40% and 18% respectively.
Credit to Small and Marginal Farmers stood at 13.07% of ANBC, exceeding the norm of 10.00%. Credit to Weaker Sections was at 19.05% of ANBC, above the norm of 12.00%. Credit to Micro Enterprises was at 9.84% of ANBC, surpassing the norm of 7.50%, and credit to Non-Corporate Farmers stood at 15.62% of ANBC, also exceeding the norm of 14.00%.
Network Expansion
As of December 31, 2025, Canara Bank has a substantial network of 10066 branches, including 3195 rural, 3007 semi-urban, 1980 urban, and 1884 metro branches, along with 7048 ATMs. The bank also operates 4 overseas branches in London, New York, Dubai, and IBU Gift City Gujrat.
Source: BSE
