{
  "id": 14586467,
  "title": "Canara Bank net profit up 8.4%, treasury losses weigh",
  "url": "https://urgent.news/2026/10/15/canara-bank-net-profit-up-8-4-treasury-losses-weigh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T01:02:49.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/earnings/canara-bank-net-profit-up-8-4-treasury-losses-weigh/articleshow/134954954.cms"
  },
  "original_language": "en",
  "account": "Canara Bank reported an 8.4% increase in net profit to ₹5,175 crore in the second quarter of FY27, aided by better asset quality and growth in core income. The profit margin in the current quarter was ₹4,774 crore, compared to ₹5,175 crore in the previous year. However, mark-to-market losses due to rising bond yields hampered the earnings. The bank's net interest margin expanded to 2.6% from 2.5% in the prior quarter. Core lending earnings surged 20.4% to ₹11,005 crore, while non-interest income declined by 18% to ₹5,772 crore due to a steep drop in treasury losses. Total income rose 6% year-on-year to ₹40,931 crore, with a staggering ₹499 crore in treasury income, marking a 68.5% year-on-year fall. The bank's operating profit grew by 2% to ₹8,758 crore. Gross non-performing assets (GNPA) ratio improved to 1.3% by the end of September, down from 1.6% and 2.4% a year ago, leading to lower provisions of ₹1,782 crore against ₹2,354 crore. Canara Bank's global deposits climbed by 13.1% year-on-year to ₹17 lakh crore by September, driven by $5.8 billion inflows in foreign currency non-resident-bank (FCNR-B) accounts through the Reserve Bank of India's dedicated window.",
  "summary": "Canara Bank experienced an 8.4% year-on-year increase in net profit, reaching ₹5,175 crore for Q2 FY27. The bank's improvement in asset quality contributed to this profit growth, alongside core income expansion. However, mark-to-market losses from rising bond yields limited higher earnings outcomes. Its gross non-performing assets ratio also improved, declining to 1.3% from both the previous…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Qatar Tribune Business",
        "title": "Doha Bank reports net profit of QR681 mn in first 9 months",
        "url": "https://urgent.news/2026/10/14/doha-bank-reports-net-profit-of-qr681-mn-in-first-9-months",
        "published": "2026-10-14T21:00:00.000Z"
      }
    ]
  },
  "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."
}