Canara Bank Reports 8.40% Net Profit Growth; Global Business Rises 15.88%

October 15, 2026: Canara Bank announced its financial results for the quarter and half-year ended September 30, 2026, reporting strong business growth and improved asset quality. Brajesh Kumar Singh, Managing Director and CEO of Canara Bank, highlighted the bank’s performance, with global business increasing 15.88% year-on-year to ₹30,72,365 crore. Global deposits grew 13.13% to ₹16,97,305 crore, while global advances rose 19.46% to ₹13,75,060 crore. Net profit increased 8.40% to ₹5,175 crore, and operating profit reached ₹8,758 crore, registering 1.98% growth.

Brajesh Kumar Singh, Managing Director and CEO

Retail credit recorded impressive growth of 31.61% to ₹3,30,587 crore, while RAM credit (Retail, Agriculture and MSME) rose 21.03% to ₹8,12,310 crore. Housing loans grew 17.35%, and vehicle loans increased 25.50%. Earnings per share stood at ₹22.06, up 5% year-on-year.

The bank further strengthened its asset quality, with the Gross NPA ratio improving to 1.33% from 2.35% a year earlier, while Net NPA declined to 0.30% from 0.54%. The Provision Coverage Ratio improved to 95.34%, reflecting stronger provisioning. Credit cost stood at 0.47%, and the capital adequacy ratio reached 17.19%.

Canara Bank also exceeded key financial inclusion targets, with priority sector lending at 44.99% and agricultural credit at 20.61% of Adjusted Net Bank Credit. As of September 30, 2026, the bank operated 10,146 branches and 10,764 ATMs and recyclers, supported by four overseas branches in London, New York, Dubai and GIFT City, reinforcing its nationwide reach and international presence.

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