{
  "id": 14413430,
  "title": "Canara's Q2 profit rides 20% NII jump to ₹11,005 cr",
  "url": "https://urgent.news/2026/10/14/canaras-q2-profit-rides-20-nii-jump-to-11-005-cr",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T07:04:31.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/stocks/earnings/canara-bank-q2-results-standalone-net-profit-rises-8-yoy-to-rs-5175-crore-nii-jumps-20/articleshow/134935180.cms"
  },
  "original_language": "en",
  "account": "Canara Bank announced a Q2 net profit of Rs 5,175 crore, a 8% increase from Rs 4,774 crore in the same period last year, on Wednesday. This profit surge was driven by a 20% jump in net interest income (NII) to Rs 11,005 crore, up from Rs 9,141 crore YoY. The company's shares gained nearly 5% on the news, reaching Rs 126.44. However, operating profit margin declined to 21.40% from 22.25%, while net profit margin slightly increased to 12.64% from 12.37%. Canara Bank's asset quality improved, with net non-performing assets (NNPA) dropping 34% YoY to Rs 4,053 crore and gross performing assets (GNPA) falling 32% YoY to Rs 18,299 crore. Consequently, the gross NPA ratio decreased to 1.33% from 2.35%. Annualised return on assets (RoA) stood at 1.05% in Q2 FY27, a slight dip from 1.10% in the previous period. The bank's debt-equity ratio improved to 0.52%, down from 0.55%. Provisions decreased by 6% YoY to Rs 3,583 crore, while quarterly net interest margin (NIM) was 2.55% compared to 2.5% in the prior year. The cost of funds (CoF) dropped to 4.88% from 5.21%. Canara Bank's cost of deposits ratio also fell to 5.27%. Its slippage ratio eased to 0.15% from 0.19%. While overall business performance is expected to meet the FY27 guidance, the CASA ratio was 29%, slightly below the 30-32% target.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}