6.1 C
Delhi
Friday, January 16, 2026

Canara Bank Q2 Profit Surges 19% to ₹4,774 Crore

Canara Bank Q2 Profit Jumps 19% to ₹4,774 Crore

Canara Bank reported strong second-quarter performance with net profit surging 19% year-on-year to ₹4,774 crore, demonstrating robust growth momentum in FY26.

Key Financial Highlights

  • Net profit: ₹4,774 crore (up 18.93% YoY)
  • Operating profit: ₹8,588 crore (up 12.20% YoY)
  • Global business: ₹26.79 lakh crore (up 13.55% YoY)
  • Asset quality shows significant improvement

Asset Quality Strengthens

Addressing media on October 30, 2025, Canara Bank MD & CEO K. Satyanarayana Raju highlighted substantial improvement in asset quality. Gross NPA ratio improved to 2.35% from 3.73% a year ago, while net NPA ratio declined to 0.54% from 0.99%.

Business Growth Metrics

The bank’s global business expanded significantly with deposits growing 13.40% to ₹15.28 lakh crore and advances increasing 13.74% to ₹11.51 lakh crore. Domestic operations showed similar strength with deposits at ₹13.95 lakh crore and advances at ₹10.81 lakh crore.

Expansion and Technology Focus

Mr. Raju revealed the bank’s expansion strategy, stating: “In FY26, we will have 280 such new branches.” The bank is leveraging data analytics to identify optimal locations for CASA growth across the country.

Priority Sector Performance

Canara Bank exceeded regulatory targets in priority sector lending at 44.56% (against 40% norm) and agricultural credit at 21.44% (against 18% requirement) of Adjusted Net Bank Credit as of September 2025.

The bank also reported improved slippage ratio at 0.76%, down by 24 basis points, indicating enhanced risk management capabilities.

Latest

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

Rising Memory Chip Prices Threaten Profits for Apple, HP, Dell

Morgan Stanley warns investors as increasing DRAM and NAND flash costs squeeze margins for major tech hardware companies, reversing a years-long tailwind.

Mumbai Markets Closed for BMC Elections, Zerodha CEO Calls It Poor Planning

Zerodha CEO Nithin Kamath criticises weekday market closure for Mumbai elections, highlighting economic costs and missed trading opportunities as Asian markets rally.

Supreme Court Rules Against Tiger Global in Flipkart-Walmart Tax Case

SC rejects Tiger Global's tax exemption claim on $1.2 billion Flipkart sale, ruling it a shell company. Landmark decision impacts foreign investor taxation.

SC Upholds Retrospective Tax in Tiger Global-Flipkart ₹40,000 Crore Case

Supreme Court validates retrospective tax on indirect transfers, dealing a major blow to foreign investors like Tiger Global. Understand the ruling's impact.

Topics

Princess Leila Pahlavi: The Shah’s Daughter Who Died Alone in Exile

The tragic story of Iranian Princess Leila Pahlavi, who fled the 1979 revolution and died by suicide at 31, revealing the human cost of political upheaval.

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

India to Evacuate Citizens from Iran; First Flight from Tehran Tomorrow

MEA prepares evacuation flights for Indians in Iran amid Iran-Israel conflict. First flight from Tehran to Delhi scheduled. Embassy issues urgent travel advisory.

Australia Social Media Ban: 5 Million Kids’ Accounts Deleted in a Month

Australia's new social media ban leads to removal of nearly 5 million under-14 accounts. Learn about the law, enforcement, and the debate it has sparked.

Rising Memory Chip Prices Threaten Profits for Apple, HP, Dell

Morgan Stanley warns investors as increasing DRAM and NAND flash costs squeeze margins for major tech hardware companies, reversing a years-long tailwind.

Mumbai Markets Closed for BMC Elections, Zerodha CEO Calls It Poor Planning

Zerodha CEO Nithin Kamath criticises weekday market closure for Mumbai elections, highlighting economic costs and missed trading opportunities as Asian markets rally.

Meta Bans ChatGPT on WhatsApp from 2026: How to Save Chats

WhatsApp will block ChatGPT and third-party AI tools in 2026. Learn why Meta is banning AI, how to back up your chat history, and what it means for users.

Amazon Republic Day Sale 2026: Up to 80% Off on Gadgets & Appliances

Amazon's Great Republic Day Sale 2026 is live with massive discounts on electronics, fashion & home appliances. Get top deals, no-cost EMI & a chance to win a trip.
spot_img

Related Articles

Popular Categories

spot_imgspot_img