Canara Bank Net Profit Rises 8.40% To ₹5,175 Crore In Q2 FY27
Mumbai: Canara Bank on Thursday announced its financial results for the second quarter and half-year ended 30 September 2026, reporting an 8.40 per cent increase in net profit to ₹5,175 crore. The bank's global business grew by 15.88 per cent year-on-year. Business Performance Global business for the period stood at ₹30,72,365 crore. Global deposits increased by 13.13 per cent year-on-year to…
Canara Bank reported an 8.40% increase in net profit to ₹5,175 crore for the second quarter and half-year ended 30 September 2026. The global business grew by 15.88% year-on-year, with global deposits increasing by 13.13% and global advances (gross) growing by 19.46%. Domestic deposits rose by 10.97% year-on-year to ₹15,47,979 crore, while domestic advances (gross) grew by 16.95%.
Credit portfolio RAM credit increased by 21.03% year-on-year to ₹8,12,310 crore, with retail lending growing by 31.61% to ₹3,30,587 crore, housing loans increasing by 17.35%. The gross non-performing assets (GNPA) ratio improved to 1.33% as of September 2026, down from previous quarters. The net non-performing assets (NNPA) ratio improved to 0.30%.
The provision coverage ratio stood at 95.34% as of September 2026. The bank achieved 44.99% in priority sector targets, surpassing the norm of 40%. Agricultural credit stood at 20.61% of ANBC, against the 18% norm. Canara Bank plans to raise up to ₹4,500 crore via Basel III AT-1 bonds for business growth.
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