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Canara Bank Posts 12.69% Growth in FY26 Net Profit; Asset Quality Improves
Bengaluru, May 11, 2026: Canara Bank on Monday reported a strong financial performance for the quarter and financial year ended March 31, 2026, registering healthy growth in business, profitability and retail lending while further improving asset quality indicators. Hardeep Singh Ahluwalia, MD & CEO (I/c) Announcing the Q4 FY26 results, Hardeep Singh Ahluwalia said the bank’s global business rose 12.11 per cent year-on-year to ₹28,06,226 crore. Global deposits increased by 9.71 per cent to ₹15,68,678 crore, while global advances grew 15.30 per cent to ₹12,37,548 crore. The bank posted a net profit of ₹19,187 crore for FY26, marking a growth of 12.69 per cent over the previous year. Operating profit for the year stood at ₹33,019 crore, up 5.19 per cent year-on-year. Earnings per share also improved by 12.68 per cent. Retail and RAM segments continued to drive credit growth during the year. RAM credit expanded 19.73 per cent to ₹7,30,520 crore, while the retail lending portfolio...