Canara Bank has reported a robust second-quarter performance, with its net profit rising 18.93 per cent year-on-year to Rs 4,774 crore, compared to Rs 4,014 crore in the same period last year. The bank’s operating profit also grew by 12.2 per cent to Rs 8,588 crore, driven by improved margins, strong loan growth, and better asset quality.
Announcing the results, K. Satyanarayana Raju, Managing Director & CEO, Canara Bank, said the bank’s asset quality showed notable improvement during the quarter. The Gross NPA ratio declined to 2.35 per cent, down from 3.73 per cent a year ago, while the Net NPA ratio improved to 0.54 per cent from 0.99 per cent. The slippage ratio also fell to 0.76 per cent, reflecting stronger risk management and recovery efforts.
Canara Bank’s global business expanded by 13.55 per cent YoY to Rs 26.79 lakh crore as of September 2025. Global deposits grew 13.4 per cent to Rs 15.28 lakh crore, while global advances rose 13.74 per cent to Rs 11.51 lakh crore. The bank also achieved its priority sector lending target at 44.56 per cent and agricultural credit at 21.44 per cent, surpassing regulatory norms.
Raju highlighted that the bank is leveraging data analytics and digital tools to identify high-potential CASA (Current Account and Savings Account) locations for branch expansion.
“In FY26, we plan to open around 280 new branches across India,” he added.
The strong quarterly results underscore Canara Bank’s steady progress in balancing profitability with prudent growth, supported by digital transformation, healthy advances, and a focus on asset quality improvement.
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