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.
