Canara Bank’s standalone net profit rises 8% to ₹5,175 crore in the September quarter as gross NPA falls to 1.33%
- Earnings
- Banking
Canara Bank has told the exchanges that it released its reviewed standalone and consolidated results for the quarter and half year ended 30 Sep 2026 on 14 Oct 2026. Standalone net profit for the September quarter was ₹5,174.76 crore, up 8% from ₹4,773.96 crore a year earlier and 7% above the ₹4,855.82 crore of the June 2026 quarter.
Total income was ₹40,931.19 crore, against ₹38,597.73 crore a year earlier. Interest earned rose to ₹35,159.39 crore from ₹31,543.89 crore, while interest expended was ₹24,154.64 crore, against ₹22,402.70 crore. Other income fell to ₹5,771.80 crore from ₹7,053.84 crore. Operating profit before provisions was ₹8,758.13 crore, against ₹8,588.13 crore, and provisions and contingencies were ₹1,781.97 crore, against ₹2,354.17 crore.
Asset quality improved on the year. Gross NPAs were ₹18,298.95 crore, or 1.33% of gross advances, against 2.35% a year earlier and 1.57% in June, and net NPAs were 0.30%, against 0.54%. The capital adequacy ratio under Basel III was 17.19%, against 16.20% a year earlier, with a Common Equity Tier 1 ratio of 12.80%. Basic earnings per share were ₹5.70, against ₹5.26.
For the half year, net profit was ₹10,030.58 crore against ₹9,525.99 crore a year earlier, a rise of 5%.
Inference
Profit grew more slowly than interest earned. The filing shows other income down by about ₹1,282 crore from a year earlier, which offset much of the rise in interest earned, while provisions were about ₹572 crore lower.
Gross and net NPA ratios were both well below their year-earlier levels. The capital adequacy and Common Equity Tier 1 ratios, which measure the capital a bank holds against its risk-weighted assets, were higher than a year earlier. These are standalone figures, and the filing also contains a consolidated statement.
Reference: Original filing (PDF)
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